STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 6.5 points, or 0.03 per cent, at 25,589.50, signaling that Dalal Street was headed for a muted start on Monday.
- Tech View: The broader structure remains “buy on dips” as long as Nifty holds above 25,160. A decisive move above 25,700 would provide a bullish confirmation for further upside towards 26000.”
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.1% to settle at 12.56 levels.
Nasdaq ends lower
The Nasdaq closed marginally lower on Friday but posted its steepest weekly decline since early April, as investors grew concerned about the durability of the recent rally in artificial intelligence stocks. Meanwhile, U.S. Treasury yields edged down slightly.Asian shares up
US stock-index futures jumped in early Asian trading amid hopes for a deal on ending the longest US government shutdown.
- S&P 500 futures rose 0.5% as of 8:08 a.m. Tokyo time
- Australia’s S&P/ASX 200 rose 0.3%
Dollar firm
The U.S. dollar held firm in early Asian trading on Monday as a string of weak economic data revived global growth worries, though signs that Congress may be edging closer to a deal that could reopen the U.S. government blunted its safety bid.
Stocks in F&O ban today
1) NILSecurities 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 4,581 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 6,675 crore.
Rupee
The rupee slipped 2 paise to 88.65 against the US dollar on Friday amid a strong American currency against major crosses overseas and rising crude oil prices.