Markets began the August series on a negative note, extending the prevailing corrective trend, and ended lower by over half a percent. Analysts maintain a cautious stance and continue to recommend a hedged approach with a negative bias until clear signs of reversal emerge.
Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 78 points, or 0.32 per cent, at 24,677, signaling that Dalal Street was headed for positive start on Monday.Tech View: Sentiment remains weak, with the potential for the correction to extend towards 24,400–24,450. A further decline is likely if it slips below 24,400; otherwise, a recovery can be expected. On the higher side, resistance is seen at 24,600–24,650 and 24,850.India VIX: India VIX, which is a measure of the fear in the markets, rose 3.8% to settle at 11.98 levels.
Asian shares decline
A selloff in Asian stocks extended to a seventh day after weak US jobs data triggered a pullback in equities and fueled bets on an interest-rate cut by the Federal Reserve.
S&P 500 futures rose 0.1% as of 9:40 a.m. Tokyo timeHang Seng futures fell 0.7%Nikkei 225 futures (OSE) fell 2.3%Japan’s Topix fell 1.9%Australia’s S&P/ASX 200 was little changedEuro Stoxx 50 futures rose 0.2%
Live EventsUS stocks close lower
U.S. stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.
Gold slips
Gold prices slipped on Monday as investors booked profits after a sharp rise in the previous session following weaker-than-expected U.S. jobs data that boosted expectations for a Federal Reserve interest rate cut in September.
Dollar steadies
A battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald Trump’s firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts.
Oil declines
Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world’s biggest oil user, adding to the pressure.
Stocks in F&O ban today
PNB Housing
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 3,366 crore on Friday. DIIs, meanwhile, were net buyers at Rs 3,187 crore.
Rupee
The rupee appreciated 12 paise to close at 87.53 against the US dollar on Friday, on lower crude prices and suspected RBI interventions as US President Donald Trump’s sweeping new tariffs triggered fresh concerns over a much wider disruption in the global trade landscape.
FII data
The position of FIIs in the futures market increased from a net short of Rs 1.37 lakh crore on Thursday to Rs 1.58 lakh crore on Friday.