GIFT Handy down 110 points; here is the trading setup for today’s session

Analysts expect markets to remain stuck in a mixed global environment, with stock-specific action driven by themes of domestic demand and policy-related opportunities. In the current environment of heightened global volatility, we recommend focusing on domestically focused sectors such as PSU banks, autos, healthcare, metals and capital goods, where demand visibility remains relatively stronger, said Siddhartha Khemka of Motilal Oswal.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX was trading 109.50 points, or 0.43 percent, lower at 25,555.50, indicating that Dalal Street was heading for a negative start on Friday.

• Technical representation: The RSI is in a bearish crossover, indicating weakening momentum. Sentiment is likely to remain weak in the short term, with a possibility of falling towards 25,300. On the higher side, resistance is at 25,550–25,600.
• India VIX: India’s VIX, which is a measure of fear in the markets, fell 3% to the level of 13.06.

US stocks end lower
U.S. stocks fell sharply on Thursday, a day after profits from artificial intelligence leader Nvidia failed to impress investors, putting pressure on technology stocks that have powered the recent rally.

• Dow up 0.03%,
• S&P 500 discount of 0.54%,
• Nasdaq falls 1.18%

Asian shares fall
Asian shares fell from record levels following a decline in Wall Street benchmarks, as sentiment was dampened by a muted reaction to Nvidia Corp.’s earnings.

• S&P 500 futures fell 0.3% as of 9:20 a.m. Tokyo time
• Hang Seng futures were little changed
• Japan’s Topix rose 0.5%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures were little changed

Shares in F&O ban today

Samman 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 3,465 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 5,032 crore.Rupee
The rupee remained steady at 90.91 against the US dollar on Thursday amid volatile global crude prices and a firm dollar against major rivals.

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