D-Street's dismal start is indicated by the GIFT Nifty. The trade setup for today's session is shown here.
Nifty futures dropped as the markets ended the day higher. The India VIX showed dread, but the world markets moved in different ways. F&O stocks were influenced by the strengthening dollar, falling yen, and declining oil prices. Net long positions increased, according to FII data.
The previous week's finish had mixed results for the markets, but overall the week saw advances for the third straight week.
In general, the market is probably going to stay stable and, in the near future, consolidate at higher levels. On the strength of news flow and the anticipation growth emphasis policy, budget-related industries are likely to continue operating, according to Siddhartha Khemka, Head of Retail Research at Motilal Oswal.
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