Stay updated with breaking news from Stock Specific Action. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Markets saw relief at the start of Thursday's session but failed to sustain at higher levels amid volatility. Focus on stock-specific action and earnings season. India VIX rose 2.08% and FIIs were net sellers at Rs 4,260 crore. DIIs bought shares worth Rs 2285 crore. Rupee appreciated 6 paise to close at 83.55 against the US dollar.
Nifty opened on the negative zone and showed no strength for most part of the day. It did try to move into the positive territory for a while but gave that up to close the day.