GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 117 points, or 0.45 percent, higher at 25,952, indicating that Dalal Street was heading for a positive start on Thursday.
- Technical representation: A decisive breakdown below this level could open a correction towards 25,610 and 25,530. On the upside, resistance is at 25,870 and 25,960-26,000.
- India VIX: India’s VIX, a measure of market fear, fell 0.4% to 10.91.
US stocks are rising
Wall Street ended higher on Wednesday after the Federal Reserve, as expected, cut interest rates by a quarter of a percentage point and investors bet on further easing, while the central bank said it would suspend further cuts for the time being.
- Dow up 1.05%,
- S&P 500 gains 0.67%,
- Nasdaq rises 0.33%
Asian stocks gain
Asian stocks echoed gains on Wall Street after the Federal Reserve cut interest rates and Chairman Jerome Powell expressed optimism that the U.S. economy will strengthen as the inflationary impact of rates fades.
- S&P 500 futures fell 0.1% as of 9:29 a.m. Tokyo time
- Hang Seng futures rose 0.3%
- Japan’s Topix rose 0.1%
- Australia’s S&P/ASX 200 rose 0.7%
Oil extends gains
Oil prices rose for a second straight session on Thursday after the US seized a sanctioned oil tanker off the coast of Venezuela, escalating tensions between the two countries and raising concerns about further supply disruptions.
Dollar slides
The dollar fell Thursday after the Federal Reserve issued an outlook that was not as aggressive as some expected. This gave investors the confidence to short the currency while betting on two more rate cuts next year.
Gold is rising
Gold prices rose on Thursday after the US Federal Reserve cut interest rates, even as policymakers remained divided over the prospects for further easing next year, while silver hit another record high.Shares in F&O ban today
Sammaan capital
Bandhan bank
Securities in the ban period under the F&O segment include companies in which the security has exceeded 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors sold net shares worth Rs 1,651 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 3,752 crore.
Rupee
The rupee devalued by 7 paise to close at 89.94 against the US dollar on Wednesday, following a negative trend in domestic equities and continued foreign fund outflows.
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