STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 105 points, or 0.42 per cent, at 24,742, signaling that Dalal Street was headed for a positive start on Thursday.
- Tech View: The immediate crucial support is placed at 24,200–24,000. On the higher side, resistance is seen at 24,700. In the short term, the trend suggests a sell-on-rise strategy.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 23% to settle at 21.14 levels.
US stocks end higher
U.S. stocks closed up on Wednesday, after a news report that Iran had signaled openness to talks and a pledge by President Donald Trump to steady oil markets calmed investor anxiety about the Mideast clash.
- Nasdaq climbs 1.29%,
- S&P rises 0.78%,
- Dow ends up 0.49%
Asian shares up
Asian equities rebounded after a selloff, tracking gains in US stocks fueled by upbeat economic data, even as uncertainty over the Iran war continued to cloud the outlook. Oil rose for a fifth day.
- S&P 500 futures rose 0.3% as of 9:37 a.m. Tokyo time
- Hang Seng futures rose 1.6%
- Nikkei 225 futures (OSE) rose 4.2%
- Japan’s Topix rose 3.8%
- Australia’s S&P/ASX 200 rose 0.4%
- Euro Stoxx 50 futures rose 0.5%
Gold rises
Gold rose on Thursday as the widening Middle East conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to bullion prices.
Dollar halts rally
The dollar halted its blistering rally on Thursday, providing some reprieve to the battered euro as investors clung on to fragile assumptions that the war in the Middle East may not last as long as initially expected.Oil gains
Oil prices were up more than one percent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict.
Stocks in F&O ban today
Samman Capital
SAIL
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 8,752 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 12,068 crore.
Rupee
The rupee slumped 67 paise to close at an all-time low of 92.16 against US dollar on Wednesday, weighed down by spiking crude oil prices in the wake of the Iran crisis.
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