GIFT Nifty down 5 points; here's what changed for market while you were sleeping

equities traded in positive territory on Monday, tracking the gains in global markets. The current week will see India's first quarter GDP numbers, which will throw some light on the country's economic trajectory.

«Markets are likely to remain in consolidation mode this week amidst key events including the release of domestic GDP data, monthly expiry, and domestic and global macroeconomic data,» 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 3 points, or 0.02 per cent, lower at 19,350, signaling that Dalal Street was headed for muted start on Tuesday.

• Tech View: Although the trend remains weak, the failure to fall below 19245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19245; a decisive breach below this level could attract significant selling pressure. On the higher end, resistance is observed at 19450.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.61% to settle at 12.40 levels.

US stocks gain
Wall Street ended higher on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's interest rate path.

• S&P 500 rises 0.63%,
• Nasdaq up 0.84%,
• Dow gains 0.62%

Asian stocks rise
Asian stocks rose after US equities moved higher, with traders awaiting a raft of economic figures over the next few days for clues on the outlook for global central bank policy.

• S&P 500 futures were little changed as of 9:08 a.m. Tokyo time. The S&P 500 rose 0.6%
• Nasdaq 100