Markets extended their losing streak for the sixth consecutive week, weighed primarily by escalating trade tensions between the US and India. In the coming week, attention will turn to domestic CPI and WPI inflation data. Developments in US–India trade relations will also remain in focus amid ongoing discussions over a trade agreement.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 55.5 points, or 0.23 per cent, at 24,449, signaling that Dalal Street was headed for positive start on Monday.
Tech View: The 200-DMA, placed at 24050, is likely to offer near-term support. The overall trend remains weak as long as the index trades below 24800, with any pullbacks likely to face selling pressure.India VIX: India VIX, which is a measure of the fear in the markets, rose 3.6% to settle at 12.12 levels.
US stocks end higher
U.S. stocks closed higher on Friday, with the Nasdaq securing a record finish for the second consecutive session, driven by gains in technology heavyweights like Apple and optimism over potential interest rate cuts.Asian shares gain
Asian shares posted a modest gain at the open as investors stayed cautious ahead of key economic data this week and a looming deadline for the potential extension of US tariffs on Chinese exports.
S&P 500 futures rose 0.1% as of 9:11 a.m. Tokyo timeAustralia’s S&P/ASX 200 rose 0.2%Euro Stoxx 50 futures rose 0.4%
Live EventsOil falls
Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.
Stocks in F&O ban today
PNB Housing
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.
FII/DII action
Foreign portfolio investors net bought shares worth Rs 1,932 crore on Friday. DIIs, meanwhile, were net buyers at Rs 7724 crore.
Rupee
Rupee pared its intra-day losses and ended flat at 87.58 against US dollar on Friday helped by a weak American currency and inflow of foreign fund even as India-US trade deal uncertainty played spoilsport.
FII data
The position of FIIs in the futures market increased from a net short of Rs 1.73 lakh crore on Thursday to Rs 1.82 lakh crore on Friday.