GIFT Nifty down 15 points; here's the trading setup for today's session
«Overall we expect the market to remain positive over the next few days ahead of the Diwali festival over the weekend. Action could be seen in broader market with niche segments in stronger momentum,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services
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 16 points, or 0.08 per cent, at 19,464, signaling that Dalal Street was headed for muted start on Tuesday.
India VIX: India VIX, which is a measure of the fear in the markets, rose 2.04% to settle at 11.10 levels.
US stocks gain
U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank's policy path, with a large amount of bond supply also due to hit the market.
Asian shares dip
Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares limited by a rise in bond yields.
- S&P 500 futures fell 0.2% as of 9:12 a.m. Tokyo time. The S&P 500 rose 0.2%
- Nasdaq 100 futures fell 0.2%. The Nasdaq 100 rose 0.4%
- Japan’s Topix index fell 0.3%
- Australia’s S&P/ASX 200 Index fell 0.3%
- Hong Kong’s Hang Seng futures fell 0.7%
Stocks in F&O ban today
1) GNFC
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 were net sellers at Rs 549 crore on Monday. DIIs bought shares worth Rs 596 crore.
Rupee
The rupee settled for the day 1 paisa lower at 83.21 against the US dollar as the support
