STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a negative start.
Nifty futures on the Gift Nifty traded 80 pts lower at 25,510.
Tech View: The index has declined towards the support of the previous swing high, placed around 25,450. Going forward. if the index falls below 25,450, the short-term trend might weaken further. On the other hand, if it holds above 25,450, a significant trend reversal might occur.
India VIX: India VIX, which is a measure of the fear in the markets, fell 1.9% to settle at 12.41 levels.Global Markets Watch
- S&P 500 futures rose 0.2% as of 9:17 a.m. Tokyo time
- Hang Seng futures fell 0.4%
- Japan’s Topix fell 0.5%
- Australia’s S&P/ASX 200 fell 0.1%
- Euro Stoxx 50 futures were little changed
Forex News
- The euro was little changed at $1.1545
- The Japanese yen was little changed at 152.96 per dollar
- The offshore yuan was little changed at 7.1228 per dollar
- The Australian dollar was little changed at $0.6482
Stocks in F&O ban today
1) NIL
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 3,263 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,284 crore.
Rupee
The rupee appreciated 7 paise to 88.63 against the US dollar on Thursday, supported by a weak American currency against major rivals overseas and lower global crude oil prices.