STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 131 points, or 0.56 per cent, at 23,516.50, signaling that Dalal Street was headed for a positive start on Tuesday.
- Tech View: The broader structure remains weak, and any pullback is likely to attract selling pressure. Meanwhile, the volatility index, INDIAVIX, cooled off by around 5% but continues to remain elevated above 21. A correction below 18 will be required for bulls to regain control.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.6% to settle at 21.60 levels.
US stocks end higher
Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks, with Meta Platforms climbing after a report that it is preparing for sweeping layoffs, while oil prices retreated amid ongoing uncertainty about the Middle East conflict.
- S&P 500 +1.01%,
- Nasdaq +1.22%,
- Dow +0.83%
Asian shares gain
Asian equities rose at the open after optimism that more tankers would be able to pass through the crucial Strait of Hormuz lifted gauges on Wall Street.
- S&P 500 futures fell 0.2% as of 9:40 a.m. Tokyo time
- Hang Seng futures rose 0.6%
- Nikkei 225 futures (OSE) rose 0.5%
- Japan’s Topix rose 1.2%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures were little changed
Oil rises
Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.
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 9,365 crore on Monday. DIIs, meanwhile, were net buyers at Rs 12,594 crore.
Rupee
The rupee weakened by 10 paise to settle at a fresh record low of 92.4 against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties.
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