STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 40 points, or 0.15 per cent, at 26,186.50, signaling that Dalal Street was headed for a negative start on Thursday.
- Tech View: In the near term, the trend is likely to remain sluggish, with the range placed between 26000 and 26300. Any decisive fall below 26000 may trigger further weakness. On the other hand, a decisive move above 26300 would require for a directional upmove in the Nifty.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.7% to settle at 9.95 levels.
S&P 500 ends lower
The S&P 500 ended lower on Wednesday, pulled down by declines in JPMorgan, Blackstone and other financials, while Nvidia and Alphabet lifted the Nasdaq as investors shifted towards AI-related stocks.
- S&P 500 -0.34%,
- Nasdaq +0.16%,
- Dow -0.94%
Asian shares slip
Asian equities edged lower for a second day as a record-breaking rally lost steam. Treasuries held gains after rising in US trading amid mixed US economic data.
- S&P 500 futures were little changed as of 9:32 a.m. Tokyo time
- Hang Seng futures fell 0.5%
- Japan’s Topix fell 0.4%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures were little changed
Stocks in F&O ban today
SAIL
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 1,528 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 2,889 crore.
Rupee
The rupee rose 31 paise to close at 89.87 against the US dollar on Wednesday on possible intervention by the Reserve Bank of India (RBI) and a fall in global crude oil prices.
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