Markets ended the holiday-shortened week in the red, as sentiment was dampened by concerns over the impact of US tariffs on Indian exports that came into effect during the week. Analysts suggest a cautious and balanced approach heading into the macro-heavy week.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 60 points, or 0.24 per cent, at 24,613, signaling that Dalal Street was headed for a positive start on Monday.
Tech View: Despite being in oversold territory, there are still no signs of short covering, suggesting that the weakness may persist for some more time. On the downside, the 200-DMA at 24,070 acts as a crucial support, while on the upside, the 100-DMA at 24,700 remains an important resistance.India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 11.75 levels.
US stocks end lower
The S&P 500 pulled back from record levels on Friday, weighed down by declines in AI-linked stocks such as Dell and Nvidia, as investors digested inflation data highlighting the effect of tariffs. In contrast, Alibaba’s U.S.-listed shares rallied after the company reported strong growth in its cloud computing business.Asian shares retreat
Asian equities opened lower after a selloff in technology stocks hit Wall Street Friday, with chip shares among the losers.
S&P 500 futures rose 0.2% as of 9:29 a.m. Tokyo timeHang Seng futures rose 1.2%Japan’s Topix was little changedAustralia’s S&P/ASX 200 fell 0.2%Euro Stoxx 50 futures rose 0.3%
Live EventsOil in tight range
Oil prices traded in a tight range on Monday as worries about rising output and the impact of U.S. tariffs on demand offset supply disruptions stemming from intensified Russia-Ukraine airstrikes.
Dollar drifts
The dollar was adrift on Monday as markets looked ahead to a raft of U.S. labour market data this week that could determine the size of the Federal Reserve’s expected rate cut later this month.
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 sold shares worth Rs 8,312 crore on Friday. DIIs, meanwhile, were net buyers at Rs 11,487 crore.
Rupee
The rupee breached the 88-mark for the first time and closed at an all-time low of 88.09 against the US dollar on Friday, registering a sharp decline of 51 paise amid a massive outflow of foreign funds and heightened tensions over a trade deal between India and the US.
FII Data
The position of FIIs in the futures market increased from a net short of Rs 1.68 lakh crore on Thursday to Rs 1.75 lakh crore on Friday.
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