STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 19.50 points, or 0.08 per cent, at 25,546.50, signaling that Dalal Street was headed for muted start on Monday.
- Tech View: On the higher side, the index could advance towards 25,800–26,100 in the near term. Immediate resistance is placed at 25,500; a breakout above this level could further strengthen the upward momentum.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.6% to settle at 12.32 levels.
US stocks down
US stocks edged lower on Friday after U.S. President Donald Trump successfully pushed through his signature tax cut bill, shifting investor focus to the looming July 9 deadline for countries to finalize trade deals with the world’s largest economy.
Asian shares mixed
Asian shares posted modest moves at the open as investors awaited progress on trade deals with the US ahead of the July 9 deadline imposed by President Donald Trump.
- Hang Seng futures were little changed
- Japan’s Topix fell 0.2%
- Australia’s S&P/ASX 200 was little changed
Gold dips
Gold prices dropped on Monday after U.S. President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieve for several countries, dampening demand for the safe-haven metal. Oil slips
Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply.
Dollar down
The U.S. dollar hovered near its lowest since 2021 against the euro and the weakest since 2015 versus the Swiss franc on Monday, with traders alert for any trade-related headlines in the countdown to President Donald Trump’s tariff deadline.
Stocks in F&O ban today
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 760 crore on Thursday. DIIs, meanwhile, were net sellers at Rs 1029 crore.
Rupee
The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices.
FII data
The position of FIIs in the futures market increased from a net short of Rs 61,807 crore on Thursday to Rs 65,800 crore on Friday.