


GIFT Nifty down 10 points; here's the trading setup for today's session
" Overall we expect a positive trend to continue in the market. Auto stocks will be in focus as OEMs will announce their monthly sales data on Friday," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 12.5 points, or 0.06 per cent, at 20,326, signaling that Dalal Street was headed for muted start on Friday.
- Tech View: The short-term trend of Nifty continues to be positive. Having moved above the crucial hurdles recently, the market is expected to zoom into new all-time highs in the near term.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.14% to settle at 12.69 levels.
US stocks mixed
The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve monetary policy.
- Dow up 1.47%,
- S&P rises 0.38%,
- Nasdaq dips 0.23%
Asian shares down
Shares in Asia opened lower after Wall Street saw a late-day rebound in trading, helping the S&P 500 notch one of its biggest November rallies on record. Treasuries were steady.
- S&P 500 futures fell 0.1% as of 9:21 a.m. Tokyo time. The S&P 500 rose 0.4% on Friday
- Nasdaq 100 futures fell 0.2%. The Nasdaq 100 fell 0.3%
- Japan’s Topix rose 0.2%
- Australia’s S&P/ASX 200 fell 0.5%
- Euro Stoxx 50 futures rose 0.3%
Oil falls
Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.
Dollar eases
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