GIFT Nifty flat; here's the trading setup for today's session

Time of India

10 hours ago

Overall, analysts expect the market to remain range bound and domestic-facing themes likely to be in favour amidst caution over US tariffs and the outcome of the US-Russia peace talks scheduled for Friday.
Indian equities saw gains as retail inflation hit an 8-year low, boosting domestic sentiment despite global geopolitical tensions. Analysts anticipate range-bound market activity, favoring domestic themes amid US tariff concerns and the upcoming US-Russia talks. US stocks rose, fueled by expectations of lower interest rates, while Asian stocks showed mixed performance.
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STATE OF THE MARKETS
Tech View: A decisive move above this level could trigger a rally towards 25,200 in the short term. On the lower side, support is placed at 24,337, below which the dynamics would once again turn in favor of the bears.
India VIX: India VIX, which is a measure of the fear in the markets, fell 0.8% to settle at 12.14 levels.
US stocks rise
Asian stocks edge higher
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Hang Seng futures rose 0.4%
Japan's Topix fell 1.1%
Australia's S&P/ASX 200 rose 0.6%
Euro Stoxx 50 futures were little change
Oil price rise
Stocks in F&O ban today
FII/DII action
Rupee
FII data
Equities ended higher as India's retail inflation declined to an 8-year low in July, which improved domestic sentiments, even as the global geopolitical environment remains abuzz with action. Overall, analysts expect the market to remain range bound and domestic-facing themes likely to be in favour amidst caution over US tariffs and the outcome of the US-Russia peace talks scheduled for Friday. GIFT Nifty on the NSE IX traded higher by 3 points, or 0.01 per cent, at 24,692, signaling that Dalal Street was headed for a muted start on TuesdayU.S. stocks edged higher on Wednesday, extending a global rally fueled by expectations of lower interest rates. The S&P 500 gained 0.3% to notch another record high, the Dow Jones surged 463 points (1%), and the Nasdaq inched up 0.1% to a fresh peak.Asian stocks traded in a narrow range at Thursday's open, easing after three days of gains driven by bets on a Federal Reserve rate cut next month.Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market.Brent crude futures were up 28 cents, or 0.43%, at $65.91 a barrel at 0057 GMT, while U.S. West Texas Intermediate crude futures rose 23 cents, or 0.37%, to $62.89.PNB HousingRBL BankPGELTitagarhSecurities 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 3,644 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,624 crore.The rupee appreciated 20 paise to close at 87.43 against the US dollar on Wednesday, as a weak greenback and a positive momentum in domestic equity markets enthused investors.The position of FIIs in the futures market reduced from a net short of Rs 1.85 lakh crore on Tuesday to Rs 1.82 lakh crore on Wednesday.