The Economic Times daily newspaper is available online now.

    GIFT Nifty down 10 points; here's the trading setup for today's session

    Synopsis

    "The market showed strong resilience, which is likely to strengthen further as we head into the result season and more companies announce their business update," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    market-shutterShutterstock.com
    The net long of FIIs increased from Rs 70,598 crore on Wednesday to Rs 72,067 crore on Thursday.
    Equity markets bounced back after the previous two negative trading days, led by strong monthly business updates of leading banks.

    "The market showed strong resilience, which is likely to strengthen further as we head into the result season and more companies announce their business update," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    Here's breaking down the pre-market actions:

    STATE OF THE MARKETS
    GIFT Nifty (Earlier SGX Nifty) signals a muted start
    GIFT Nifty on the NSE IX traded lower by 9 points, or 0.04 per cent, at 21,770, signaling that Dalal Street was headed for muted start on Friday.

    • Tech View: The fall in Nifty has halted around 21500 levels where multiple support parameters in the form of the 38.2% fibonacci retracement level and the lower end of the rising channel is placed.
    • India VIX: India VIX, which is a measure of the fear in the markets, fell 5.54% to settle at 13.33 levels.

    US stocks mixed
    The S&P 500 and Nasdaq Composite closed lower on Thursday, extending their losing streak that kicked off 2024, although the Dow Jones Industrial eked out a win on the back of financial stocks and strong jobs data.
    • Dow up 0.03%,
    • S&P down 0.34%,
    • Nasdaq dips 0.56%

    Asian shares mixed
    Shares in Asia were mixed Friday after selling pressure weakened US stocks and bonds as robust signals from the labor market weighed on expectations for interest rate cuts.
    • S&P 500 futures were little changed as of 9:12 a.m. Tokyo time
    • Nasdaq 100 futures were little changed.
    • Hang Seng futures fell 0.5%
    • Japan’s Topix rose 0.2%
    • Australia’s S&P/ASX 200 was little changed

    Stocks in F&O ban today

    1) Hindustan Copper

    2) Balrampur Chini Mills

    3) Delta Corp

    4) IEX

    5) ZEE

    6) SAIL

    7) Nalco

    Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

    FII/DII action
    Foreign portfolio investors were net buyers at Rs 1,513 crore on Thursday. Meanwhile, domestic institutional investors sold shares worth Rs 1,387 crore.

    Rupee
    The rupee appreciated 7 paise to close at 83.23 against the US dollar on Thursday, helped by a bullish trend in domestic equities and weakness of the American currency in the overseas market.

    FII data
    The net long of FIIs increased from Rs 70,598 crore on Wednesday to Rs 72,067 crore on Thursday.



    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in