STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a gap-up start
GIFT Nifty on the NSE IX traded higher by 187.50 points, or 0.73 per cent, at 25,753.50, signaling that Dalal Street was headed for a gap-up start on Monday.
- Tech View: The immediate resistance is placed at the 100-DMA near 25,700 levels. On the downside, the crucial support of the 200-DMA is positioned at 25,310, and a decisive break below this could open further downside towards 25,100 levels.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6.7% to settle at 14.36 levels.
US stocks end higher
U.S. stocks closed higher on Friday, driven by strong gains in heavyweight names like Alphabet and Amazon, after the U.S. Supreme Court struck down global tariffs imposed by President Donald Trump.
Asian shares mixed
Early moves on Monday indicated investors were beginning to price in a higher risk premium for US assets, with the lack of clarity over the nation’s trade policy likely to cloud the global outlook and keep volatility elevated across markets.
- S&P 500 futures fell 0.4% as of 9:19 a.m. Tokyo time
- Hang Seng futures rose 1.7%
- Australia’s S&P/ASX 200 fell 0.2%
- Euro Stoxx 50 futures fell 0.1%
Oil slides
Oil prices slid 1% on Monday with the U.S. and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict, while President Donald Trump created uncertainty for global growth and fuel demand with a new round of tariff hikes.
Dollar falls
The dollar fell on Monday as traders took the U.S. Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small.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 934 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 2637 crore.
Rupee
The Indian rupee slipped on Friday to post its steepest weekly fall in a month as likely portfolio outflows and lingering geopolitical tensions weighed on the currency, pushing it close to the 91-per-dollar mark. The rupee closed at 90.9825 per dollar, down 0.3% on the day and 0.4% for the week.
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