Nifty today: GIFT Nifty down 50 points; here’s the trading setup for today’s session – News Air Insight

Nifty gained on Thursday, as benchmarks advanced for the third straight session following the US Fed rate cut and its signal of two more reductions this year. Analysts expect the gradual up move to continue, with markets tracking tariff-related developments guiding near-term sentiment.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 46 points, or 0.18 per cent, at 25,468.50, signaling that Dalal Street was headed for a negative start on Friday.

• Tech View: In the near term, support is placed at 25,300 and 25,150. On the other hand, crucial resistance is seen at 25,500. A decisive move above this level could trigger a rally towards 26,000. Overall, a buy-on-dips strategy remains favorable in the current market scenario.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 9.88 levels.

US stocks close higher
Wall Street’s main indexes posted record-high closes on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.

• S&P up 0.48%,
• Nasdaq rises 0.94%,
• Dow gains 0.27%

Asian shares gain
Asian stocks were on the cusp of an intraday record high after US and global equity benchmarks hit fresh peaks, as the Federal Reserve’s interest-rate cut bolstered sentiment.

• S&P 500 futures rose 0.1% as of 9:14 a.m. Tokyo time
• Hang Seng futures rose 0.3%
• Japan’s Topix rose 0.8%
• Australia’s S&P/ASX 200 rose 0.8%
• Euro Stoxx 50 futures rose 1.7%

Oil little changed
Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States.

Stocks in F&O ban today
1) RBL Bank
2) OFSS
4) Angel One

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 366.69 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,326 crore.

Rupee
The rupee depreciated 35 paise to close at 88.20 against the US dollar on Thursday, as a strengthening greenback against major crosses overseas sapped investors’ risk appetite amid global trade uncertainties.

FII Data

The position of FIIs in the futures market reduced from a net short of Rs 1.52 lakh crore on Wednesday to Rs 1.43 lakh crore on Thursday.