GIFT Useful 90 points; here is the trading setup for today’s session

Indian stock markets closed cautiously and within a range on Tuesday after profit booking in banking, IT and healthcare stocks emerged as a major drag on the indices. Overall, analysts say the near-term outlook remains slightly positive, with a consolidating slant, with the uptrend capped unless a clear break above 26,000 occurs.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 92 points (0.35 percent) higher at 26,053.50, indicating that Dalal Street was heading for a positive start on Wednesday.

• Technical representation: Furthermore, the index remains above its critical moving averages on the daily time frame. In the short term, the trend is expected to remain sideways to positive, with support at 25,790. On the higher side, there is resistance between 26,000 and 26,300.
• India VIX: India’s VIX, a measure of market fear, fell 4.6% to 11.66.

S&P 500 and Nasdaq close lower
The S&P 500 and Nasdaq closed lower on Tuesday, while the Dow Jones rose to its third straight record as investors digested disappointing retail sales and waited for a key labor market report.

• Dow up 0.10%,
• S&P 500 discount of 0.33%,
• Nasdaq falls 0.59%

Asian stocks gain
Asian shares hovered near record highs on Wednesday ahead of key US jobs data, after weak retail sales boosted expectations that the Federal Reserve will cut interest rates later this year.

• S&P 500 futures rose 0.2% as of 9:22 a.m. Tokyo time
• Hang Seng futures rose 0.3%
• Australia’s S&P/ASX 200 rose 1.1%
• Euro Stoxx 50 futures were little changed

Oil stable

Oil held steady on Wednesday, finding support as the market waited for direction as US-Iran talks continued, with lingering geopolitical uncertainty helping to support prices.

Shares in F&O ban today

SAIL
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 bought net shares worth Rs 69.45 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1,174 crore.

Rupee
The rupee pared initial losses and settled on a positive note on Tuesday, trading 10 paise higher at 90.56 against the US dollar, supported by positive cues from domestic equities and a weakening of the US currency in the overseas market.

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