STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 42 points, or 0.16 per cent, at 25,609, signaling that Dalal Street was headed for a positive start on Tuesday.
- Tech View: While a short-term pullback cannot be ruled out, the index needs to decisively cross above 25,700 to trigger any meaningful short-covering rally towards the 25,900 zone. Conversely, a breakdown below 25,575 could open the door for further downside towards the 25,450 levels.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 4% to settle at 11.83 levels.
Asian shares down
Asian shares slipped at the open Tuesday as President Donald Trump’s tariff threats over Greenland revived trade tensions and weighed on investor appetite for risk.
- S&P 500 futures fell 1% as of 9:02 a.m. Tokyo time
- Hang Seng futures rose 0.2%
- Japan’s Topix fell 0.4%
- Australia’s S&P/ASX 200 fell 0.4%
- Euro Stoxx 50 futures fell 1.6%
Dollar retreats
The dollar retreated to its lowest level in a week in early trading on Tuesday after threats from the White House towards the European Union over the future of Greenland triggered a broad selloff across U.S. stocks and government bonds.
Stocks in F&O ban today
SAIL
Sammaan Capital
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 3,263 crore on Monday. DIIs, meanwhile, were net buyers at Rs 4,234 crore.
Rupee
The rupee depreciated 12 paise to close at 90.90 against the greenback on Monday, a tad above its record low closing level, weighed down by robust greenback demand from metal importers and persistent foreign fund outflows.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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