Nifty today: Pre-market action: Here’s the trade setup for today’s session

Domestic market started the year with a range‑bound session and ended slightly higher amid thin trading due to global holidays and continued FII selling. In the days ahead, Q3 earnings, budget expectations, and global cues such as the India‑US trade deal and potential Fed actions are expected to guide market direction, with earnings growth likely to remain the key driver in 2026.

STATE OF THE MARKETS

• Tech View: Although the trend is not decisively bullish yet — unlike the Bank Nifty, which has given a clear breakout — the current recovery may continue in the near term. On the upside, the index could move towards 26,315, while 26,100 may act as the initial support.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 3.06% to settle at 9.18 levels.

Stocks in F&O ban today

SAILSecurities 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 sold shares worth Rs 3,268 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 1,526 crore.
Rupee
The rupee depreciated 10 paise to close at 89.98 against the US dollar on Thursday, the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments.
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