D-Street set for a negative opening as GIFT Nifty signals weak start
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Listen to this article in summarized format STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 94 points, or 0.39 per cent, at 24,218, signaling that Dalal Street was headed for a negative start on Monday. Tech View: On the upside, the 24,200 level may continue to act as an immediate resistance. As long as the index remains below 24,200, the broader sentiment is likely to stay weak, with a possibility of a decline towards 23,900 in the near term. India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 10.68 levels. Asian shares drop Asian stocks dropped and the dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened bets on an interest-rate hike next month. Oil climbed as Middle East tensions intensified. - S&P 500 futures fell 0.3% as of 9:45 a.m. Tokyo time - Hang Seng futures fell 0.2% - Nikkei 225 futures (OSE) fell 1.7% - Japan’s Topix fell 0.7% - Australia’s S&P/ASX 200 was little changed - Euro Stoxx 50 futures fell 0.4% US stock futures dip Futures on the S&P 500 Index lost 0.2% and those on the Nasdaq 100 Index retreated 0.3% after the underlying gauges closed lower on Friday and as tensions rose in the Middle East. Oil prices rise Oil prices jumped more than $1 a barrel on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month. Gold flat Gold prices were flat on Monday, after falling more than 3% in the previous session following U.S. Federal Reserve Chair Kevin Warsh's speech that signalled interest rate hikes may be needed. Dollar steady The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched 160-per-dollar level. Read more: Ahead of Market: 10 things that will decide stock market action on Monday Stocks in F&O ban today 1) SAIL 2) LIC Housing Finance 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 5,039 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5,184 crore. Rupee The rupee rose marginally by 2 paise to settle at 95.43 against the US dollar on Friday, tracking sliding global crude oil prices and a positive trend in domestic equities. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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