STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 116 points, or 0.47 per cent, at 24,564, signaling that Dalal Street was headed for a positive start on Monday.
Tech View: The overall trend remains positive, as the index has been sustaining above the critical 50 EMA on the daily chart. On the downside, immediate support for short-term traders is placed at 24,200. On the higher end, resistance is seen at 24,500.
India VIX: India VIX, which is a measure of the fear in the markets, fell 3% to settle at 11.76 levels.
Read Also: Mcap of nine of top-10 most valued firms jumps Rs 2.51 lakh cr; Bajaj Finance biggest winner
Asian shares mixed
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1% in early trading. The Japanese yen rose more than 1% to 155.39 per U.S. dollar in a sudden move that put traders on alert for another bout of intervention.
- S&P 500 futures rose 0.4% as of 9:06 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix fell 1.6%
- Australia’s S&P/ASX 200 fell 0.4%
- Euro Stoxx 50 futures rose 0.3%
Oil falls
Oil prices tumbled $4 a barrel on Monday after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz.
Yen leaps
The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan’s historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.
Gold gains
Gold rose on Monday as oil prices tumbled after U.S. President Donald Trump held off on a fresh attack on Iran in hopes of a swift deal, slightly easing concerns about inflation and higher interest rates.
Stocks in F&O ban today
NIL
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 net bought shares worth Rs 277 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,260 crore.
Rupee
The rupee stayed in positive territory on Friday, gaining 7 paise to settle at 95.43 against the US dollar, tracking sustained foreign capital inflows and support from the Reserve Bank.
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