Despite a sharp 2% drop in the US markets and weak global cues, the Indian market held firm as FIIs turned net buyers. Nifty opened strong and traded in a volatile range, ultimately finding support at 24,700 and forming a small-bodied bullish candle. Domestic sentiment was buoyed by optimism around a potential US–India interim trade deal.
FIIs bought ₹2201 Cr while DIIs added ₹683 Cr. India VIX edged up to 17.55, and the immediate trading range is seen between 24,600 to 25,000. Stocks showing positive setups include Solar Industries, BEL, Siemens, and DLF, while weakness was noted in Dixon Tech, ABFRL, and IndusInd Bank.