Going forward, markets step into a data-heavy week, where both domestic and global cues will dictate momentum. On the domestic front, industrial production data and the RBI’s policy decision will be in focus, along with
the expiry of September derivatives contracts, which could add to volatility.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 104 points, or 0.42 per cent, at 24,809, signaling that Dalal Street was headed for a positive start on Monday.
- Tech View: A decisive breakdown below 24,500 could extend the correction towards 24,150, which corresponds to the 38.20% Fibonacci retracement of the rally from 21,743 to 25,669. On the other hand, if the index holds above 24,500, a sharp recovery can be expected.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6% to settle at 11.42 levels.
US stocks close higher
U.S. stocks ended higher on Friday ahead of key inflation data, but still recorded weekly losses, snapping winning streaks for both the S&P 500 and Nasdaq. Investors balanced hopes of future Federal Reserve rate cuts against signs of economic strength and the approaching earnings season. Fresh tariffs and mixed signals from Fed officials kept sentiment cautious, with markets now awaiting crucial employment data next week.
Asian shares mixed
Asian stocks moved in a tight range at the open, as losses in Japan were offset by gains across the region.
- S&P 500 futures rose 0.2% as of 9:25 a.m. Tokyo time
- Hang Seng futures rose 0.6%
- Japan’s Topix fell 1.4%
- Australia’s S&P/ASX 200 rose 0.6%
- Euro Stoxx 50 futures rose 0.4%
Oil slips
Oil prices slipped nearly 1% on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to global supplies.
Dollar defensive
The dollar was on the defensive on Monday ahead of a slew of U.S. economic releases that could provide further clarity on the Federal Reserve’s rate path, while the growing risk of a government shutdown there also came into sharp focus.
Stocks in F&O ban today
1) 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 5,687 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5843 crore.
Rupee
The rupee rebounded from its all-time low to close 4 paise higher at 88.72 against the US dollar on Friday, tracking a weak greenback against major currencies overseas and a drop in global crude oil prices.
as a Reliable and Trusted News SourceFII Data
The position of FIIs in the futures market reduced from a net short of Rs 1.47 lakh crore on Thursday to Rs 1.66 lakh crore on Friday.