Nifty today: GIFT Nifty down 10 points; here’s the trading setup for today’s session – News Air Insight

Indian equities closed higher for the second straight session on Friday, buoyed by optimism from the Reserve Bank of India’s dovish stance and recent regulatory reforms. Analysts expect positive momentum to sustain in the market, aided by accommodative monetary policy, a supportive monsoon season, and festive-led demand recovery.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 8.5 points, or 0.03 per cent, at 24,961.50, signaling that Dalal Street was headed for a muted start on Monday.

• Tech View: As long as Nifty holds above 24,600, a buy-on-dips strategy remains favorable. Additionally, India VIX posted a sharp 10% drop this week to close below 10.50, signaling lower volatility and further boosting bullish sentiment.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2.2% to settle at 10.06 levels.

Dow, S&P 500 manage record closing highs
The S&P 500 managed a record closing high on Friday despite a volatile session, buoyed by expectations of interest rate cuts as the U.S. government shutdown entered its third day. The Dow also reached a record closing level, while the Nasdaq slipped lower.Asian shares climb
Asian stocks climbed to a record, led by Japan, while gold advanced to an all-time high and Bitcoin hovered near its recent peak as investors bet looser monetary policy and accelerating AI investment will bolster risk appetite.

• S&P 500 futures rose 0.2% as of 9:41 a.m. Tokyo time
• Japan’s Topix rose 2.3%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures rose 0.1%

Yen sinks
The yen tumbled against the U.S. dollar by the most in five months in early trading on Monday after Sanae Takaichi won the LDP leadership election at the weekend, setting the country on course for more expansionary fiscal policy and complicating the task facing the Bank of Japan.

Gold rises
Gold surged past $3,900 an ounce for the first time on Monday, driven by safe-haven demand amid a U.S. government shutdown, alongside growing expectations of additional Federal Reserve rate cuts.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 1,583 crore on Friday. DIIs, meanwhile, were net buyers at Rs 490 crore.

Rupee
The rupee depreciated 8 paise to close at 88.79 against the US dollar on Friday, near its all-time low level, on dollar demand from importers and persistent foreign fund outflows.