STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 171.50 points, or 0.71 per cent, at 24,046.50, signaling that Dalal Street was headed for a negative start on Monday.
- Tech View: Overall, the sentiment appears weak, with heavy call writing visible around the 24,200 strike. If the Nifty sustains below 24,200 on Monday, the index could witness further correction towards the 24,050–24,000 zone. On the other hand, a move back above 24,200 may trigger a near-term recovery rally towards 24,350–24,400.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.3% to settle at 16.84 levels.
US stocks end higher
The S&P 500 and Nasdaq scaled record highs on Friday, driven by strong gains in Nvidia, Sandisk and other AI-linked stocks, while a stronger-than-expected jobs report reinforced confidence in the resilience of the US labour market.Asian stocks climb
Asian stocks climbed at the open as traders doubled down on the artificial intelligence trade, looking past Middle East tensions even after President Donald Trump rejected Iran’s response to his latest proposal to end the war.
- S&P 500 futures fell 0.1% as of 9:44 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 0.9%
- Australia’s S&P/ASX 200 fell 0.9%
- Euro Stoxx 50 futures were little changed
Oil jumps
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.
Gold falls
Gold prices fell on Monday, as a lack of progress in U.S.–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer.
Dollar strengthens
The dollar advanced against its major peers in early Asia trade on Monday, supported by strong U.S. jobs data released late last week and as the U.S.-Iran ceasefire hung by a thread, boosting demand for the safe-haven currency.
Stocks in F&O ban today
NIL
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 4,111 crore on Friday. DIIs, meanwhile, were net buyers at Rs 6,748 crore.
Rupee
The Indian rupee strengthened last week to 94.4 on the back of nascent optimism regarding a US-Iran peace deal but renewed hostilities threatened to yet again sway the outlook for Asian currency.
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