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    GIFT Nifty drops 50 points; here's the trading setup for today's session

    Domestic equities ended the week near all-time highs despite election-related volatility. Analysts expect the upward bias to continue with focus on key economic data. State of the markets signals a negative start with Nifty futures trading lower at 23,267. India VIX rose to 16.88 levels. Brent crude futures slipped to $79.58 a barrel.

    GIFT Nifty climbs over 150 points; here's the trading setup for today's session

    Domestic stocks saw a significant bounce back as confidence surged following the reconfirmation of the NDA's third consecutive term in government. Yashovardhan Khemka, Senior Manager of Research & Analytics at Abans Holdings, noted that in the short term, the market will likely stay fixated on government formation, particularly watching for key cabinet appointments in Finance, Defense, Roads, Energy, Commerce, and Railways.

    GIFT Nifty up 75 points; here's the trading setup for today's session

    "Going ahead, markets would take cues from the voter’s turnout data from the fourth phase which has been a major concern so far," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    Gift Nifty futures volumes soar 25% in 4 months to $82 billion in April

    This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.

    GIFT Nifty up 30 points; here's the trading setup for today's session

    "Nifty is anticipated to undergo further consolidation in the upcoming sessions, encountering resistance around the 22,700-22,800 levels should it achieve a robust close above 22,600. Conversely, support is expected around the 22,400-22,300 range," said Arvinder Singh Nanda, Senior Vice President of Master Capital.

    GIFT Nifty down 15 points; here's the trading setup for today's session

    "Large caps are better placed in terms of valuation comfort and growth visibility. However, volatility in the broader market cannot be ruled out. Key event to watch – BOE interest rate decision," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    The Economic Times
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