GIFT Nifty down 10 points; here’s the trading setup for today’s session

Equity markets witnessed a pullback on Tuesday with the Nifty slipping 0.7%. The weakness was largely attributed to nervous global cues, mounting concerns over trade tensions, and rising anxiety around the ballooning US debt levels. Analysts said markets are likely to remain volatile in the near term, with a watchful eye on global developments, trade negotiations, and remaining corporate earnings.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 7.5 points, or 0.03 per cent, at 24,854, signaling that Dalal Street was headed for flat start on Wednesday.

• Tech View: The short-term outlook remains positive, with the potential to reach the 25,000–25,150 range. On the lower end, support is placed at 24,700.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 3% to settle at 18.54 levels.

US stocks up
Wall Street surged on Tuesday as investor risk appetite was buoyed by U.S. President Donald Trump’s latest tariff respite and an unexpected jump in consumer confidence.

• Dow gains 1.78%,
• S&P 500 up 2.05%,
• Nasdaq rises 2.47%

Asian shares gain
Asian shares gained at the open, tracking the biggest rally on Wall Street in more than two weeks, as sentiment was boosted by a rebound in US consumer confidence and a global surge in bonds.

• S&P 500 futures were little changed as of 9:25 a.m. Tokyo time
• Hang Seng futures rose 0.2%
• Japan’s Topix rose 0.6%
• Australia’s S&P/ASX 200 rose 0.5%
• Euro Stoxx 50 futures rose 0.6%

Gold gains
Gold prices gained on Wednesday, helped by a slight retreat in the dollar and lower U.S. bond yields as investors await a U.S. core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues.

Stocks in F&O ban today

1) 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 348.45 crore on Friday. DIIs, meanwhile, were net buyers at Rs 10,104 crore.

Rupee
The rupee retreated from a two-day surge and depreciated 30 paise to settle at 85.40 against the US dollar on Tuesday, tracking a recovery in American currency index, negative domestic equity market and muted foreign fund inflows.

FII data
The position of FIIs in the futures market increased from a net short of Rs 51,312 crore on Monday to Rs 67,419 crore on Tuesday