GIFT Handy down 20 points; here is the trading setup for today’s session

Indian shares recovered on Thursday after falling more than 2% in the past three trading sessions. Analysts expect markets to follow global signals, macro indicators and continued quarterly earnings. Key companies announcing results on Friday include JSW Steel, Shriram Finance, BPCL, Godrej Consumer, Cipla, MCX and Piramal Finance.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX was trading 24.50 points, or 0.07 percent, lower at 25,334.50, indicating that Dalal Street was heading for a quiet start on Friday.

• Technical representation: In the short term, the index is likely to remain volatile on Friday. There is resistance in the 25,480–25,500 zone, while there is support around 25,125.
• India VIX: The India VIX, a measure of fear in the markets, fell 3.1% to the level of 13.35.

US stocks end higher
Wall Street’s major indexes closed higher on Thursday, a second straight day of gains, as investors bought shares after US President Donald Trump withdrew tariff threats on European allies, while data highlighted US economic resilience.

• Dow up 0.63%,
• S&P 500 rises 0.55%,
• Nasdaq gains 0.91%

Asian stocks gain
Asian shares followed Wall Street higher on Friday as positive US economic data and easing geopolitical tensions boosted investor sentiment.

• S&P 500 futures were unchanged at 9:23 a.m. Tokyo time
• Japan’s Topix rose 0.2%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures rose 1.3%

Dollar down
The US dollar was set for its biggest weekly drop in a year after President Donald Trump’s threats and abrupt reversal unnerved investors, while the yen hovered near a one-week low ahead of the Bank of Japan’s policy decision later on Friday.

Gold and silver extend the rally
Gold hit another record high on Friday, while silver and platinum also extended their gains to record highs, driven by geopolitical and economic uncertainties, a weaker dollar and bets on interest rate cuts by the US Federal Reserve.

Shares in F&O ban today
Bandhan bank
Sammaan capitalSecurities 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 2,549 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 4,223 crore.

Rupee
The rupee recovered from its all-time low to end with a gain of 7 paise at 91.58 against the US dollar on Thursday, reflecting suspected RBI intervention and a positive trend in domestic equities.

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