STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a negative start
Nifty futures on the Gift Nifty traded 85 pts lower at 25,779.
Tech View: If the index holds above its 20-day and 50-day moving averages in the coming sessions, strength can be confirmed. Immediate support is placed at 59,800, while resistance is seen near 61,700 levels.
India VIX: India VIX, which is a measure of the fear in the markets, fell 7% to settle at 12.9 levels.
Global Markets Watch
- S&P 500 futures were little changed as of 9:18 a.m. Tokyo time
- Hang Seng futures fell 0.9%
- Japan’s Topix fell 0.3%
- Australia’s S&P/ASX 200 fell 0.1%
- Euro Stoxx 50 futures fell 0.3%
US equities
Wall Street closed sharply lower on Tuesday as concerns that AI could intensify competition for software companies rattled investors, who also remained cautious ahead of quarterly earnings from Alphabet and Amazon due later this week.
Forex news
- The euro was little changed at $1.1813
- The Japanese yen was little changed at 155.90 per dollar
- The offshore yuan was little changed at 6.9352 per dollar
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 bought shares worth Rs 5,236.28 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1014 crore.
Rupee
The Indian rupee emerged as the best-performing Asian currency on Tuesday, registering a record gain of 117 paise or 1.28 per cent in a single trading session to settle at 90.32 against the US dollar, after India and the US agreed to a trade deal.
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