STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 37.50 points, or 0.15 per cent, at 25,567.50, signaling that Dalal Street was headed for positive start on Thursday.
- Tech View: Nifty witnessed range-bound movement after a strong upmove, facing stiff resistance around 25,500–25,550. On the hourly chart, the index has slipped below the 50-hour simple moving average, while the RSI has also moved below the 50 mark, indicating weakening momentum.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.09% to settle at 11.94 levels.
US stocks end higher
Wall Street indexes closed higher on Wednesday after Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump’s tariffs would not derail interest rate cuts this year and the tech-heavy Nasdaq led gains as Nvidia briefly reached a $4 trillion valuation.
- Dow up 0.49%,
- S&P 500 rises 0.61%,
- Nasdaq gains 0.95%
Asian shares mixed
Asian shares were mixed at the open and Bitcoin held near a record achieved on Wednesday after Wall Street investors drove stocks higher in a sign investors are looking through the latest tariff headlines.
- S&P 500 futures fell 0.1% as of 9:21 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix fell 0.5%
- Australia’s S&P/ASX 200 rose 0.5%
- Euro Stoxx 50 futures rose 1.4%
Gold gains
Gold prices edged higher on Thursday as U.S. President Donald Trump’s latest tariff announcements kept markets cautious, with investors closely watching trade negotiations, while a slight pullback in the dollar provided additional support.
Oil dips
Oil prices dropped on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants to threaten global economic growth and demand for the resource.
Dollar slips
The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump’s latest tariff salvos failed to shake markets, except in Brazil where a threatened 50% levy sent the real sliding as much as 2.8% overnight.
Stocks in F&O ban today
RBL Bank
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.
Rupee
The rupee closed flat at 85.73 against the US dollar on Wednesday, tracking a sluggish trend in the domestic equity market amid persistent foreign capital outflows.
FII data
The position of FIIs in the futures market increased from a net short of Rs 70,513 crore on Tuesday to Rs 75,705 crore on Wednesday.
