Pre-market action: Here's the trade setup for today's session
Indian equities ended lower on Thursday. Analysts say the market is likely to consolidate in the near term, tracking progress on India–US trade talks, while cues from the earnings season may drive sector- and stock-specific movements.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 125 points, or 0.49 per cent, at 25,285, signaling that Dalal Street was headed for negative start on Friday.
US stocks close higher
The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs on Thursday, boosted by an upbeat forecast from Delta Air Lines and a record close for Nvidia while investors shrugged off President Donald Trump's latest tariffs.
Asian stocks mixed
Asian stocks lost momentum and the dollar strengthened after President Donald Trump ratcheted up trade tensions yet again by suggesting higher tariff rates on most trading partners.
Gold rises
Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and issued broader tariff threats to other trading partners, though a stronger dollar limited gains as investors assessed the latest trade actions.
Oil steady
Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.
Dollar rises
The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners.
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.
Rupee
The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 125 points, or 0.49 per cent, at 25,285, signaling that Dalal Street was headed for negative start on Friday.
- Tech View: The RSI (14) on the daily chart has also turned negative, indicating weakening momentum. In the short term, the trend is likely to remain weak, which could lead to further downside. On the lower end, support is placed at 25,250–25,200, while on the higher end, resistance levels are seen at 25,400 and 25,500.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.24% to settle at 11.67 levels.
US stocks close higher
The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs on Thursday, boosted by an upbeat forecast from Delta Air Lines and a record close for Nvidia while investors shrugged off President Donald Trump's latest tariffs.
- Dow up 0.43%,
- S&P 500 rises 0.27%,
- Nasdaq gains 0.09%
Asian stocks mixed
Asian stocks lost momentum and the dollar strengthened after President Donald Trump ratcheted up trade tensions yet again by suggesting higher tariff rates on most trading partners.
- S&P 500 futures fell 0.2% as of 9:19 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 0.6%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures were little changed
Gold rises
Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and issued broader tariff threats to other trading partners, though a stronger dollar limited gains as investors assessed the latest trade actions.
Oil steady
Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.
Dollar rises
The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners.
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.
Rupee
The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory.
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