GIFT Nifty down 15 points; here's the trading setup for today's session

Economic Times

4 hours ago

The position of FIIs in the futures market reduced from a net short of Rs 1.04 lakh crore on Friday to Rs 1.01 lakh crore on Monday.
Indian equities rebounded strongly, buoyed by positive domestic cues, while analysts anticipate market vigilance amid global uncertainties and macroeconomic data releases. Defence and crude-linked stocks are expected to remain in focus due to geopolitical tensions, with monsoon-related sectors gaining momentum on rainfall expectations. The rupee strengthened against the dollar, supported by equity market performance and easing crude oil prices.
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Tech View: Currently, with investors awaiting the Fed's follow-up commentary post the rate announcement, a steep directional move is not expected for now. However, a rally towards 25,350 looks highly probable once Nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850.
Currently, with investors awaiting the Fed's follow-up commentary post the rate announcement, a steep directional move is not expected for now. However, a rally towards 25,350 looks highly probable once Nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850. India VIX: India VIX, which is a measure of the fear in the markets, rose 1.6% to settle at 14.84 levels.
Dow 0.75%,
S&P 500 0.94%,
Nasdaq 1.52%
S&P 500 futures fell 0.5% as of 9:05 a.m. Tokyo time
Japan's Topix was little changed
Australia's S&P/ASX 200 fell 0.1%
Euro Stoxx 50 futures rose 0.9%
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Indian equities staged a sharp rebound on Monday after the broad-based selling in the previous two trading sessions. Analysts expect the market to remain watchful, tracking global cues and macro-economic data. Defence and crude-linked stocks will remain in focus amidst ongoing Israel-Iran conflict , while monsoon-linked sectors like fertilizers, agro-chemicals, rural FMCG amongst others could be in momentum on expectations of above average rainfall.GIFT Nifty on the NSE IX traded lower by 12 points, or 0.05 per cent, at 24,989, signaling that Dalal Street was headed for muted start on Tuesday.U.S. stocks closed higher on Monday, as oil prices retreated after the Israel-Iran attacks left crude production and exports unaffected, easing investor concerns about the potential for higher energy prices to stoke inflation. Crude prices settled down more than 1% on hopes a truce was on the horizon between Israel and Iran after days of missile strikes, as Iran called on U.S. President Donald Trump to force a ceasefire in the four-day-old aerial war, while Israel's prime minister said his country was on the "path to victory."A gauge of Asian stocks slipped, though Japanese and South Korean shares were marginally higher, after risk-on sentiment returned to Wall Street on Monday and pushed the S&P 500 up about 1% and back above 6,000.The dollar firmed slightly on Tuesday though most currencies held tight ranges as investors remained spooked by ongoing tensions in the Middle East and awaited upcoming central bank decisions.Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply.IREDACDSLABFRLChambal FertilisersHindustan CopperRBL BankTitagarhIEXBirlasoftSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.Foreign portfolio investors net sold shares worth Rs 2,539 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5,781 crore.The rupee rose 7 paise to settle at 86.04 against the US dollar on Monday amid a strong show at the domestic equity markets, weakening dollar, and easing of global crude oil prices.The position of FIIs in the futures market reduced from a net short of Rs 1.04 lakh crore on Friday to Rs 1.01 lakh crore on Monday.