STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 109.50 points, or 0.43 per cent, at 25,555.50, signaling that Dalal Street was headed for a negative start on Friday.
- Tech View: The RSI is in a bearish crossover, indicating weakening momentum. The sentiment is likely to remain weak in the near term, with a possibility of falling towards 25,300. On the higher end, resistance is placed at 25,550–25,600.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 3% to settle at 13.06 levels.
US stocks end lower
U.S. stocks turned sharply lower on Thursday, the day after earnings from artificial intelligence vanguard Nvidia failed to impress investors, weighing down technology shares which have provided muscle to the recent rally.
- Dow up 0.03%,
- S&P 500 off 0.54%,
- Nasdaq down 1.18%
Asian stocks slip
Asian stocks edged lower from record levels after a decline in Wall Street benchmarks, as sentiment was weighed down by a muted reaction to Nvidia Corp.’s earnings.
- S&P 500 futures fell 0.3% as of 9:20 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 0.5%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures were little changed
Live Events
Stocks in F&O ban today
Samman 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 3,465 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 5,032 crore.
Rupee
The rupee settled on a flat note at 90.91 against the US dollar on Thursday, amid volatile global crude oil prices and a firm greenback against major rivals.
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