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

By

Akash Podishetti

, ETMarkets.comLast Updated: Apr 06, 2026, 06:00:00 AM IST

Synopsis

Markets concluded their sixth consecutive week of decline, falling by nearly half a percent amid heightened volatility. Analysts anticipate the upcoming week will remain data-intensive, with the US-Iran conflict and its impact on crude oil prices being critical market sentiment drivers. The Indian rupee surged over 2% on Thursday, marking its best single-day gain since 2013.

Markets ended lower for the sixth consecutive week, declining by nearly half a percent, reflecting heightened volatility driven by a mix of global and domestic uncertainties. The upcoming week is expected to remain data-intensive and influenced by both domestic and global cues. Analysts say developments in the US-Iran conflict and their impact on crude oil prices will remain critical drivers of market sentiment.

STATE OF THE MARKETS

• Tech View: Although the broader structure remains weak, a sharp pullback towards the 23,200 zone cannot be ruled out. A decisive break above 23,500 would be required to negate the bearish setup and open the path towards 24,000 and higher levels.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2% to settle at 25.52 levels.

Stocks in F&O ban today

NIL

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 9,931 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 7,208 crore.

Rupee
The Indian rupee surged on Thursday after the central bank tightened the screws on speculative bets against the currency, putting it on track for its best single-day gain since 2013, when policymakers had also resorted to extraordinary measures to stabilise it. The rupee rallied more than 2% to 92.8350 per US dollar, ‌bouncing back sharply ⁠after ⁠touching a record low of 95.21 in the previous session.

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