Pre-market action: Here's the trade setup for today's session
Indian equities ended marginally lower on Thursday. Markets remained range-bound amid global caution, as investors awaited developments on several US trade agreements.
Looking ahead, analysts expect markets to remain in consolidation mode, with participants likely to adopt a wait-and-watch approach amid ongoing trade negotiations and key US economic data releases.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 37.50 points, or 0.15 per cent, at 25,532.50, signaling that Dalal Street was headed for positive start on Friday.
US stocks end higher
Wall Street rallied to record highs Thursday, as chip-maker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for a U.S. interest rate cut next month.
Asian shares mixed
Asian shares traded in a tight range Friday as renewed trade tensions ahead of next week’s deadline for higher levies outweighed a record-extending rally in US stocks.
Gold held steady on Friday, poised for a weekly gain as U.S. President Donald Trump's tax-cut and spending bill passed in Congress, raising fiscal concerns, though stronger-than-expected U.S. jobs data capped bullion's gains.
Oil little changed
Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump's plans for tariffs on various countries.
Dollar holds firm
The dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States.
Stocks in F&O ban today
RBL Bank
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 1,481 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 1,333 crore.
Rupee
The rupee pared initial losses and edged up 7 paise to close at 85.55 against the US dollar on Thursday, following a weak greenback against major crosses overseas and a decline in US treasury yields.
FII data
The position of FIIs in the futures market increased from a net short of Rs 49,221 crore on Wednesday to Rs 61,807 crore on Thursday.
Looking ahead, analysts expect markets to remain in consolidation mode, with participants likely to adopt a wait-and-watch approach amid ongoing trade negotiations and key US economic data releases.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 37.50 points, or 0.15 per cent, at 25,532.50, signaling that Dalal Street was headed for positive start on Friday.
- Tech View: Technically, Nifty remains below the resistance level of 25,500 but above the crucial support at 25,300. Therefore, we expect the index to continue trading in a range over the coming days, as long as it stays within the 25,300–25,500 band.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.48% to settle at 12.38 levels.
US stocks end higher
Wall Street rallied to record highs Thursday, as chip-maker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for a U.S. interest rate cut next month.
- S&P 500 up 0.83%;
- Nasdaq gains 1.02%;
- Dow up 0.77%
Asian shares mixed
Asian shares traded in a tight range Friday as renewed trade tensions ahead of next week’s deadline for higher levies outweighed a record-extending rally in US stocks.
- S&P 500 futures fell 0.2% as of 9:59 a.m. Tokyo time
- Japan’s Topix rose 0.2%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures fell 0.2%
Gold held steady on Friday, poised for a weekly gain as U.S. President Donald Trump's tax-cut and spending bill passed in Congress, raising fiscal concerns, though stronger-than-expected U.S. jobs data capped bullion's gains.
Oil little changed
Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump's plans for tariffs on various countries.
Dollar holds firm
The dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States.
Stocks in F&O ban today
RBL Bank
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 1,481 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 1,333 crore.
Rupee
The rupee pared initial losses and edged up 7 paise to close at 85.55 against the US dollar on Thursday, following a weak greenback against major crosses overseas and a decline in US treasury yields.
FII data
The position of FIIs in the futures market increased from a net short of Rs 49,221 crore on Wednesday to Rs 61,807 crore on Thursday.
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