Pre-market action: Here's the trade setup for today's session

Indian equity benchmarks ended marginally higher on Friday, with the Nifty closing at 25,693. Analysts say markets may remain range-bound in the near term, with stock specific action on the back of earnings outcomes and lingering global uncertainties.

STATE OF THE MARKETS

• Tech View: Overall, the structure for Nifty looks positive with an upside potential towards 26,000 levels, and a buy-on-dips strategy remains advisable as long as the index sustains above 25,250.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 11.94 levels.

Stocks in F&O ban today

Sammaan Capital

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action

Foreign portfolio investors net bought shares worth Rs 1,951 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1,265 crore.

Rupee

The rupee declined 31 paise to settle at 90.65 against the US dollar on Friday, weighed down by geopolitical uncertainties over the US-Iran talks, and a sharp rise in global crude oil prices.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)