Nifty today: GIFT Nifty down 55 points; here’s the trading setup for today’s session – News Air Insight

Indian equity extended losses for the fifth straight session on Thursday, with Nifty falling below the 25,000 mark. Sentiment was weighed down by persistent foreign fund outflows and concerns over US visa curbs. Analysts expect markets to remain under pressure in the near term, tracking global headwinds, macroeconomic data releases, and developments around the India–US trade talks.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 55 points, or 0.22 per cent, at 24,909, signaling that Dalal Street was headed for a negative start on Friday.

• Tech View: With the monthly F&O expiry approaching next week, a short-covering rally is possible if Nifty manages to reclaim the 25,000 mark. On the downside, the immediate support is at the 50-day moving average 24,876, and a break below this level could lead the index further down towards the 24,600 zone.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.5% to settle at 10.78 levels.

US stocks end lower
U.S. stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.

• Dow down 0.4%,
• S&P 500 dips 0.5%,
• Nasdaq falls 0.5%

Asian shares drop
Asian stocks retreated at the open after strong US economic data and mixed signals from the Federal Reserve officials on rate cuts sparked worries about lofty valuations on Wall Street.

• S&P 500 futures were little changed as of 9:17 a.m. Tokyo time
• Hang Seng futures fell 0.6%
• Japan’s Topix was little changed
• Australia’s S&P/ASX 200 fell 0.2%
• Euro Stoxx 50 futures rose 0.4%

Gold eases
Gold edged lower on Friday after stronger-than-expected U.S. economic data cast doubt on the Federal Reserve’s rate cut outlook and lifted the dollar, while investors awaited U.S. inflation data due later in the day for further direction.

Stocks in F&O ban today

1) Sammaan Capital
2) RBL Bank

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 2,425 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 1,212 crore.

Rupee
The rupee moved in a tight range to settle 7 paise higher at 88.68 against the American currency on Thursday due to suspected RBI intervention amid a strong US dollar and weak domestic markets.

FII Data

The position of FIIs in the futures market increased from a net short of Rs 1.44 lakh crore on Wednesday to Rs 1.47 lakh crore on Thursday.