Equity benchmark indices Sensex and Nifty 50 are expected to start Monday, August 11, on a subdued note amid ongoing tariff concerns, disappointing earnings, and continued foreign investor outflows. As of 7:25 a.m., the GIFT Nifty was up 0.2% or 50 points at 24,440, pointing to a flat-to-positive open.
In the previous session, the indices closed lower as sentiment weakened due to persistent tariff-related worries. The decline was broad-based, led by losses in auto, metal, IT, and pharma sectors.
On a positive note, Foreign Portfolio Investors (FPIs) turned net buyers on August 8, investing ₹1,932 crore—their highest single-day inflow since June 26—hinting at a potential shift in stance. Meanwhile, Domestic Institutional Investors (DIIs) purchased ₹7,723 crore worth of shares, according to provisional NSE data.
Technically, the Nifty’s fall below its 100-day EMA at 24,590 and inability to reclaim 24,600 points to a weak setup. A move below Friday’s low could trigger selling toward the 24,200–24,150 zone. Analysts advise a ‘sell-on-rise’ strategy as RSI dips below 40, showing increased bearish strength. India VIX rose 2.95% to 12.03, indicating low panic but cautious sentiment.
+ There are no comments
Add yours