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

Indian equity benchmarks witnessed a steep fall on Thursday, with Nifty declining 264 points as investors grappled with concerns over potential US tariffs, continued FII selling and weak global cues. Analysts expect the market to remain under pressure in the near term, dragged by concerns over US tariffs, ongoing geopolitical tensions and weak global market cues.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 30 points, or 0.12 per cent, at 26,000, signaling that Dalal Street was headed for a positive start on Friday.

• Tech View: Momentum indicators and oscillators have generated a fresh sell crossover on the daily timeframe. On the downside, immediate support is seen at 25,800, followed by 25,720 levels. Additionally, the India VIX surged by 6% to close above the 10.50 mark, which remains a cause for concern.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 6.5% to settle at 10.60 levels.

US stocks mixed
Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget.

• S&P 500 +0.01%,
• Nasdaq -0.44%,
• Dow +0.55%

Asian stocks gain
Asian equities gained modestly at the open after their first two-day slide of the year, with investors bracing for Friday’s US payrolls report and a possible Supreme Court ruling on President Donald Trump’s tariffs.

• S&P 500 futures were little changed as of 9:25 a.m. Tokyo time
• Japan’s Topix rose 0.4%
• Australia’s S&P/ASX 200 rose 0.3%
• Euro Stoxx 50 futures fell 0.4%

Dollar advances
The U.S. dollar advanced at the start of ⁠the Asian session on Friday, as traders awaited the release of the latest U.S. jobs report and braced for a forthcoming U.S. Supreme Court decision on President Donald Trump’s use of emergency tariff powers.
Stocks 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 crossed 95% of the market-wide position limit.

FII/DII action
Foreign portfolio investors net sold shares worth Rs 3,367 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,701 crore.

Rupee
The rupee settled 3 paise lower at 89.90 against the US dollar on Thursday, amid sustained outflow of foreign funds and a stronger greenback.

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