Indian equities ended modestly higher on Monday as investors remained cautious amid mixed global cues. Key earnings today include State Bank of India, Mahindra & Mahindra, Adani Ports, InterGlobe Aviation, and Indian Hotels. Going forward, analysts expect the market to track the ongoing earnings season, while any positive trigger on the India–US trade deal front could create favourable sentiments.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 39 points, or 0.15 per cent, at 25,880, signaling that Dalal Street was headed for a negative start on Tuesday.

• Tech View: On the downside, immediate support lies at 25,600, while the key support from the 21-DMA is placed around 25,540. Meanwhile, the volatility index spiked to 12.50, suggesting rising caution among traders and the potential for increased market volatility in the near term.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4.2% to settle at 12.66 levels.

S&P 500, Nasdaq end higher
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data.

• Dow down 0.48%,
• S&P 500 up 0.17%,
• Nasdaq up 0.46%

Asian shares down
Asian stocks opened lower Tuesday, diverging from Wall Street gains after Amazon.com Inc.’s $38 billion deal with OpenAI had reignited enthusiasm for artificial intelligence shares.

• S&P 500 futures fell 0.2% as of 9:15 a.m. Tokyo time
• Hang Seng futures were little changed
• Japan’s Topix fell 0.5%
• Australia’s S&P/ASX 200 fell 0.5%
• Euro Stoxx 50 futures were little changed

Dollar steady
The dollar was steady on Tuesday, hovering near a three-month high as a divided Federal Reserve spurred traders to rein in interest rate cut wagers while investors awaited an Australian policy meeting where the central bank is likely to stand pat.

Stocks in F&O ban today

1) Samman CapitalSecurities 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 1,883 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3,516 crore.

Rupee
The rupee extended its descent for the third straight day and settled five paise down at 88.75 (provisional) against the US dollar on Monday, near its all-time low level, weighed down by a strong American currency and foreign fund outflows.