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

Indian markets are likely to see a gap-down opening with elevated volatility amid global risk-off sentiment triggered by the US-Iran conflict. Analysts say oil marketing companies, paints, tyres, aviation and chemicals face margin pressure from higher input costs. Upstream oil producers such as ONGC and Oil India may benefit from stronger realisations, while defence names including HAL and BEL could see sentiment support.

STATE OF THE MARKETS

• Tech View: The index has slipped sharply lower after spending three days below the key short-term moving average. Over the short term, the index might remain under selling pressure, with rallies being sold into. Support on the lower end is placed at 25,000 / 24,750. On the higher end, resistance is placed at 25,370.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4.9% to settle at 13.7 levels.

Stocks in F&O ban today

Samman 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 sold shares worth Rs 7,536 crore on Friday. DIIs, meanwhile, were net buyers at Rs 12,293 crore.

Rupee

The rupee declined 17 paise to settle at 91.08 against the US dollar on Friday weighed down by a massive outflow of foreign fund and a sharp rise in global crude oil prices amid geopolitical uncertainties.

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