STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) marks a gap-up start
GIFT Nifty on the NSE IX was trading 334.50 points, or 1.29 percent, higher at 26,257.50, indicating that Dalal Street was heading for a gap-up start on Thursday.
- Technical representation: The RSI has entered a very ambitious momentum zone and appears poised to strengthen in the coming sessions. In the short term, a rally towards 26,000/26,200 seems possible, while support is placed at 25,700.
- India VIX: India’s VIX, which is a measure of fear in the markets, fell 0.5% to the level of 11.30.
US stocks end lower
Wall Street closed lower on Wednesday after a wave of mixed gains, including Netflix’s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbing exports to China involving US software.
- Dow down 0.71%,
- S&P 500 falls 0.53%,
- Nasdaq falls 0.93%
Asian shares fall
Asian shares opened lower after a volatile session on Wall Street, which saw big losses in stocks and haven investments.
- S&P 500 futures fell 0.2% as of 9:10 a.m. Tokyo time
- Hang Seng futures fell 0.4%
- Japan’s Topix fell 0.8%
- Australia’s S&P/ASX 200 fell 0.3%
- Euro Stoxx 50 futures fell 0.9%
Oil rises
Oil prices rose more than $1 a barrel on Thursday, extending gains from the previous session, after the United States imposed sanctions on Russian oil companies Rosneft and Lukoil over the war in Ukraine.
Shares in F&O ban today
1) Samman capital
2) RBL 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 bought net shares worth Rs 97 crore on Tuesday. DIIs, meanwhile, were net sellers of Rs 607 crore.
Rupee
The rupee rose 9 paise to 87.93 against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices.
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