GIFT Handy 200 points; here is the trading setup for today’s session

GIFT Handy 200 points; here is the trading setup for today’s session

Indian shares extended their losses for the third straight session on Wednesday. Stock-specific measures are expected around the quarterly results of IndiGo, DLF, Indian Bank and Coforge. Analysts expect the Nifty to trade sideways following ongoing gains and global cues after Trump’s Davos speech.STATE OF THE MARKETS

GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 199 points, or 0.79 percent, higher at 25,362, indicating that Dalal Street was heading for a gap-up start on Thursday.

  • Technical representation: A decisive drop below 25,125 could trigger further market panic. On the higher side, closing resistance is at 25,200.
  • India VIX: India’s VIX, a measure of market fear, rose 8.5% to 13.78.

US stocks end higher
All three Wall Street benchmarks closed higher on Wednesday, buoyed by news that a framework for a deal on Greenland had been reached, averting the possibility of new US tariffs on European allies.

  • Dow up 1.21%,
  • S&P 500 gains 1.16%,
  • Nasdaq rises 1.18%

Asian stocks gain
Asian shares followed Wall Street higher after US President Donald Trump’s comments on a “framework” deal with NATO over Greenland eased concerns that had fueled market volatility. Gold and silver fell.

  • S&P 500 futures rose 0.2% as of 9:01 a.m. Tokyo time
  • Hang Seng futures rose 0.2%
  • Japan’s Topix rose 0.9%
  • Australia’s S&P/ASX 200 rose 0.7%
  • Euro Stoxx 50 futures were little changed

Shares in F&O ban today
Bandhan bank
Sammaan capital

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 1,788 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 4,520 crore.Rupee
The rupee fell by 68 paise to close at an all-time low of 91.65 against the US currency on Wednesday, pressured by continued foreign fund outflows amid increased uncertainty and risky sentiment in global markets.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of Economic Times)

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