STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 4 points, or 0.02 per cent, at 25,781, signaling that Dalal Street was headed for a muted start on Friday.
- Tech View: The index is expected to regain momentum once it decisively reclaims the 59800 level. Until then, the index is likely to trade in a broad range of 59000–59800, where 59200–59150 acts as a crucial support zone near the 50-day SMA, while 59800 will continue to act as the immediate range resistance.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.09% to settle at 11.32 levels.
US stocks gain
U.S. stocks rose on Thursday after two days of declines as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly results, while Taiwan-based chipmaker TSMC’s blockbuster results boosted shares of U.S. chipmakers.
- Dow up 0.6%,
- S&P 500 rises 0.3%,
- Nasdaq gains 0.3%
Asian shares mixed
Asian stocks are set for their longest weekly winning streak since May, with a regional gauge of technology shares climbing to a record as investors step up bets on artificial intelligence. Regional shares were mixed Friday with losses in Japan, and gains in AI posterchild South Korea.
- S&P 500 futures rose 0.1% as of 9:33 a.m. Tokyo time
- Hang Seng futures rose 0.8%
- Nikkei 225 futures (OSE) fell 0.4%
- Japan’s Topix fell 0.3%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures fell 0.4%
Dollar gains
The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon.
Stocks in F&O ban today
SAIL
Sammaan Capital
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 4,781 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,281 crore.
Rupee
The rupee pared initial gains and settled for the day 11 paise lower at 90.34 against the US dollar on Wednesday, as the likely central bank intervention was negated by a strong dollar, foreign outflows from capital markets, and elevated crude oil prices.
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