Dalal Street set for negative opening as GIFT Nifty trades lower
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 50 points, or 0.21 per cent, at 23,679, signaling that Dalal Street was headed for a negative start on Friday.
- Tech View: In the near term, a decisive move above 23,800 could trigger fresh upside momentum, potentially taking the index towards 24,200 and even higher levels. However, failure to sustain above 23,800 may invite renewed selling pressure and bring the bears back into control of the market.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.1% to settle at 18.61 levels.
US Stocks end higher
U.S. stocks climbed on Thursday, driven by a rally in technology shares as investors digested broadly upbeat economic data and closely monitored developments from Beijing, where President Donald Trump held high-stakes talks with Chinese President Xi Jinping.
Asian stocks up
Asian stocks rose after Wall Street gauges hit records, buoyed by a rally in the AI trade, strong corporate earnings and further signs of resilience in the US consumer.
- S&P 500 futures were little changed as of 9:12 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 1.1%
- Australia’s S&P/ASX 200 rose 0.4%
- Euro Stoxx 50 futures rose 1.4%
Oil rises
Oil prices rose Friday as market concerns persisted over ship attacks and seizures despite Iran saying about 30 vessels had passed through the Strait of Hormuz, while the U.S. and Chinese presidents were set for a second day of talks in Beijing.
Dollar gains
The dollar firmed on Friday and was set for its largest weekly gain in more than two months, as rising energy prices and prolonged disruptions to shipping stoked inflationary pressures, boosting bets on a Federal Reserve rate hike this year.
Gold dips
Gold fell to a more than one-week low on Friday, and was set for a weekly decline, as higher energy prices fueled fears of inflation and prolonged higher interest rates, while investors focused on a meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Stocks in F&O ban today
SAIL
Kaynes
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 187 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 684 crore.
Rupee
The rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar on Thursday, as it resisted pressure from a firm American currency and inflation worries amid elevated energy prices.
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