Domestic equities started the new fiscal year on a strong note and touched new all-time highs. Going forward, investors are keenly awaiting the RBI monetary policy outcome due later this week where status quo is expected but the focus is on commentary.

“The market is expected to continue its positive momentum but the journey could be volatile on the back of elections and Q4 earnings this month,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal

Here’s breaking down the pre-market actions:

STATE OF THE MARKETS

• Tech View: Though, Nifty is now placed at the crucial hurdle of around 22500 levels, the overall chart pattern remains positive and we are unlikely to see any sharp decline from here. Any consolidation or dip could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 6% to settle at 12.08 levels.

Stocks in F&O ban today

NILSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limitFII/DII action
Foreign portfolio investors net sold shares worth Rs 522 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,208 crore.

Rupee
The rupee rose 0.07 paise to settle at 83.441 against the US dollar on Monday taking cues from positive equities.

FII data
The net short of FIIs reduced from Rs 23,851 crore on Thursday to Rs 21,587 crore on Monday.