STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a negative start
Nifty futures on the Gift Nifty traded over 100 pts lower at 25,598.
Tech View: Going forward, the 25,480–25,500 zone remains a crucial support, while any pullback towards 25,875 is likely to face selling pressure. The index appears to be range-bound in the near term, while select individual stocks may outperform.
India VIX: India VIX, which is a measure of the fear in the markets, fell 0.7% to settle at 12.17 levels.
Global Markets Watch
- S&P 500 futures fell 0.9% as of 9:12 a.m. Tokyo time
- Hang Seng futures fell 1.4%
- Japan’s Topix fell 1%
- Australia’s S&P/ASX 200 fell 1.6%
- Euro Stoxx 50 futures fell 1.1%
Forex News
- The euro was little changed at $1.1776
- The Japanese yen rose 0.2% to 156.67 per dollar
- The offshore yuan was little changed at 6.9401 per dollar
- The Australian dollar fell 0.3% to $0.6905
Stocks in F&O ban today
Sammaan Capital
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 2,150 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 1130 crore.
Rupee
The rupee appreciated 13 paise to close at 90.34 against the US dollar on Thursday, on trade deal optimism and overnight decline in commodity prices, even as the upside remained capped as investors look for more clarity on the India-US trade deal.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)