GIFT Nifty up 60 points; here's the trading setup for today's session
The position of FIIs in the futures market increased from a net short of Rs 89,066 crore on Monday to Rs 1.04 lakh crore on Tuesday.
Indian stock markets experienced volatility. Geopolitical tensions impacted trading. Nifty initially fell but recovered to close near previous levels. Market consolidation is expected due to global uncertainty. Strong domestic factors and potential rate cuts may limit further declines. Foreign investors sold shares, while domestic institutions bought. The Indian Rupee weakened against the US dollar.
Tired of too many ads?
Remove Ads
Tech View: Technically, very short-term support is placed at 24,500. A fall below this level may trigger an increase in short positions, potentially leading to a swift decline towards 24,000. On the other hand, if the Nifty holds above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term.
Technically, very short-term support is placed at 24,500. A fall below this level may trigger an increase in short positions, potentially leading to a swift decline towards 24,000. On the other hand, if the Nifty holds above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term. India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 16.56 levels.
Dow up 0.51%,
S&P 500 rises 0.54%,
Nasdaq gains 0.81%
Tired of too many ads?
Remove Ads
S&P 500 futures were little changed as of 9:15 a.m. Tokyo time
Japan's Topix rose 0.5%
Australia's S&P/ASX 200 rose 0.5%
Euro Stoxx 50 futures rose 0.2%
Domestic equities fell down on Monday, weighed down by the rising geopolitical tensions between Russia and Ukraine. However, Nifty managed to recoup early losses to close on a flattish note. Analysts expect the market to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut.GIFT Nifty on the NSE IX traded higher by 62.50 points, or 0.25 per cent, at 24,727, signaling that Dalal Street was headed for positive start on Wednesday.US stock indexes closed higher on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans.Asian stocks rose at the open after data showed the US labor market is holding up despite concerns about risks from President Donald Trump's tariff war.Gold prices held steady on Wednesday as the uncertainty over U.S.-China trade relations offset the impact of strong U.S. jobs data that boosted risk appetite.The dollar drifted lower on Wednesday as the market looked ahead to U.S. employment data for immediate trading cues, while waiting on developments in President Donald Trump's tariff negotiations with key trading partners including China.Oil prices edged lower in early Asian trade on Wednesday, weighed down by a loosening supply-demand balance following increasing OPEC+ output and lingering concerns over the global economic outlook due to tariff tensions.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.Foreign portfolio investors net sold shares worth Rs 2,853 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 5908 crore.The rupee depreciated 22 paise to settle at 85.61 against the US dollar on Tuesday, weighed down by a firm American dollar, while selling pressure in secondary markets added further weakness to the currency.The position of FIIs in the futures market increased from a net short of Rs 89,066 crore on Monday to Rs 1.04 lakh crore on Tuesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
16 minutes ago
- NDTV
How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
New Delhi: If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move. With the central bank cutting the repo rate by 50 basis points -- from 6 per cent to 5.5 per cent -- banks are expected to lower interest rates on loans. For a Rs 50 lakh home loan over 20 years, this could mean monthly savings of Rs 1,569 and annual savings of nearly Rs 19,000, offering much-needed relief to borrowers amid high living costs. The repo rate is the interest rate at which the RBI lends money to commercial banks. A reduction in this rate makes borrowing cheaper for banks, which in turn allows them to offer loans to customers at lower interest rates. This directly impacts borrowers, especially those with home loans linked to repo-based lending rates (RBLR). Let's break this down with a practical example. Suppose you have a home loan of Rs 50 lakh at an interest rate of 8.5 per cent for a tenure of 20 years. Your monthly EMI in this case would be around Rs 43,391. Now, after the 50 basis points cut in the repo rate, if the bank reduces your interest rate to 8 per cent, your new EMI would come down to approximately Rs 41,822. Gaurav Gupta, Secretary of CREDAI (Confederation of Real Estate Developers' Associations of India), welcomed the RBI's monetary decision, saying that the rate cut will help reduce borrowing costs for home buyers. Beyond just lowering monthly payments, it will improve housing affordability across the country. He further added that a drop in interest rates not only benefits individual buyers but also boosts overall sentiment in the real estate sector, which positively impacts multiple industries connected to it. Importantly, it's not just home loans that will get cheaper -- personal loans, auto loans, and other types of retail borrowing will also see reduced EMIs as a result of lower interest rates. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
NDTV
16 minutes ago
- NDTV
How Horses, Mules Helped In Navigating Steep Slopes To Build Chenab Bridge
Katra: To make the vision of "Kashmir to Kanyakumari" come alive, the project team behind the construction of the Chenab bridge faced several challenges. Among them was how to reach the location surrounded by the steep slopes of the Himalayas. The team had only one option -- horses and mules. According to Afcons Infrastructure Limited, the top infrastructure company that constructed the bridge, one of the main and earliest challenges was access to the bridge location, to transport equipment and construction materials. "Initially, mules and horses were used by the project team to reach the location. Slowly over a period, temporary roads were created and access was made available to the site," a spokesperson from the company said. Prime Minister Narendra Modi on Friday inaugurated the iconic Chenab Bridge, Anji Rail Bridge and Udhampur-Srinagar-Baramulla Rail Link (USBRL) project and flagged off Vande Bharat trains, connecting Kashmir to Kanyakumari. The spokesperson added that eventually on the North side of the river bank, an 11-km road was constructed and a 12-km long road on the South side. Krishnamurthy Subramanian, Executive Vice Chairman, Afcons, said the Chenab Railway Bridge is more than just a marvel of engineering. "It is a symbol of India's resolve to conquer the most formidable challenges with ingenuity and courage," Subramanian told PTI. The company used the world's tallest crossbar cable cranes and specialised heavy machinery as tools for this ambitious project. "The ancient and steep slopes of the Himalayas were tamed using massive consolidation grouting, making them sturdy for the colossal arch foundations," the company said, highlighting challenges it faced. "With the foundations set, the erection of the arch from both sides was planned by cantilever construction technique. The first big moment of triumph came on April 5, 2021, when a single majestic arch approaching steadily from both banks met at the crown," it added. "The viaduct construction was another unique challenge. There were multiple transition areas. Keeping this in mind, the launching sequence was meticulously planned in four sections," the spokesperson. Giridhar Rajagopalan, Deputy Managing Director, Afcons told PTI that for the first time in Indian Railways, incremental launching was done on transition curve and a longitudinal gradient, both occurring at same location, for the deck launching of the viaduct portion of the Chenab Bridge. S Paramasivan, Managing Director, Afcons, "For Afcons, it represents our unwavering commitment to nation-building and our ability to reimagine infrastructure in the toughest terrains. This bridge will inspire generations of engineers and stands as a tribute to the power of Indian engineering and teamwork." For the first time in the Indian Railways' history, a laboratory accredited by the National Accreditation Board for Testing and Calibration (NABL) was set up to ensure that quality was being monitored at every stage of the project. Situated at a height of 359 metres above the river, the Chenab bridge is 35 metres higher than the iconic Eiffel Tower in Paris and the world's highest railway bridge over the Chenab river. After inaugurating the Chenab bridge, the prime minister walked on it holding the Tricolour high. He travelled in a rail engine coach to reach the spot.
Time of India
16 minutes ago
- Time of India
Haryana's Palwal assembly constituency receives major development push as chief minister Nayab Saini announces new projects
Chandigarh: Haryana chief minister Nayab Singh Saini on Friday announced a sweeping infrastructure push for the Palwal assembly segment, unveiling a raft of development projects estimated to be worth more than ₹1,270 crore. Tired of too many ads? go ad free now Speaking at a large public gathering in Palwal, Saini said the region was poised to enter a "new era" of growth, with planned investments in sports infrastructure, roads, education, and civic amenities. At the centre of the announcement is a proposed international-level sports complex, alongside the modernisation of the existing indoor stadium with ₹55 lakh allocated for soundproofing upgrades. Saini also earmarked ₹50 crore for urban infrastructure in Sector 21 and Transport Nagar, including parking, sewerage, water supply and stormwater drainage. Additional funds include ₹37.5 crore for repairing eight roads spanning 37.5 km and ₹40.1 crore to renovate 26 roads totalling 54.5 km. Roads under warranty currently — 75 in total, covering 152 km — will also be repaired, he said. The CM further pledged ₹5 crore for building community centres in rural areas and announced the paving of unpaved streets in residential zones between Wards 1 and 10. A new grain market outside Palwal city is also on the cards, subject to land availability. Positioning the initiative as part of a broader national effort, Saini praised Prime Minister Narendra Modi's leadership during the past 11 years, saying the BJP govt had fostered rapid development rooted in Indian heritage and aspirations for global leadership. Taking aim at the opposition, he criticised the Congress for what he called a "decade of neglect" prior to 2014. "Back then, schemes were announced but benefits never reached the people," Saini said. "Since 2014, we've doubled the pace. In Palwal alone, we've delivered ₹1,270 crore worth of development projects over the past decade." MSID:: 121679454 413 |
