STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a gap-up start
GIFT Nifty on the NSE IX traded higher by 239.50 points, or 0.93 per cent, at 25,937, signaling that Dalal Street was headed for a positive start on Monday.
- Tech View: Overall, the structure for Nifty looks positive with an upside potential towards 26,000 levels, and a buy-on-dips strategy remains advisable as long as the index sustains above 25,250.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 11.94 levels.
Asian stocks rise
Asian stocks rose at the open as investors took cues from a Wall Street rally on Friday, following a volatile week driven by concerns over valuations in technology stocks.
- S&P 500 futures rose 0.3% as of 9:40 a.m. Tokyo time
- Hang Seng futures rose 1.8%
- Nikkei 225 futures (OSE) rose 4.8%
- Japan’s Topix rose 3%
- Australia’s S&P/ASX 200 rose 1.5%
- Euro Stoxx 50 futures rose 0.4%
US stocks end higher
The Dow Jones Industrial Average surged past the historic 50,000 milestone on Friday, while the S&P 500 closed sharply higher, led by strong gains in Nvidia and other chipmakers. Shares of Amazon, however, slid after the cloud giant projected a steep rise in spending on artificial intelligence infrastructure.
Yen slides
The yen extended a string of recent losses in early Asian trading on Monday after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday’s election, easing the path to further fiscal stimulus.
Gold extends gains
Gold and silver extended gains on Monday as the dollar weakened, while investors awaited a key U.S. labour market report due later in the week to gauge the interest rate trajectory.
Stocks in F&O ban today
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 bought shares worth Rs 1,951 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1,265 crore.
Rupee
The rupee declined 31 paise to settle at 90.65 against the US dollar on Friday, weighed down by geopolitical uncertainties over the US-Iran talks, and a sharp rise in global crude oil prices.
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