STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 55.50 points, or 0.21 per cent, at 26,017.50, signaling that Dalal Street was headed for a positive start on Monday.
- Tech View: The RSI has moved above 60, signaling renewed buying interest. Overall, the structure remains bullish, with a buy-on-dips approach favored as long as support at 25600 holds.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.8% to settle at 11.94 levels.
US stocks end mixed
Wall Street finished the week on a mixed note Friday, with investors cautious ahead of Nvidia’s quarterly earnings next week and increasingly concerned that the Federal Reserve may delay a December interest-rate cut.
Asian shares cautious
Asian shares started the week on a cautious note as investors braced for a barrage of US economic data amid lingering uncertainty over the Federal Reserve’s policy path.
- S&P 500 futures rose 0.1% as of 9:08 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Japan’s Topix fell 0.4%
- Australia’s S&P/ASX 200 fell 0.2%
- Euro Stoxx 50 futures fell 0.9%
Stocks in F&O ban today
1) SAIL
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 4,968 crore on Friday. DIIs, meanwhile, were net buyers at Rs 8,641 crore.
Rupee
The rupee rose 4 paise to close at 88.66 against the US dollar on Friday, aided by a rebound in domestic equities towards the closing of market hours and a sweeping mandate for the ruling alliance in the Bihar polls supporting the local unit at lower levels.