Synopsis
Analysts said moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings in the coming quarters, may limit the volatility. Shutterstock.com Foreign portfolio investors turned net sellers at Rs 793 crore on Thursday. DIIs bought shares worth Rs 1,723 crore.
Continuing uncertainties surrounding global trade and the fear of a U.S. recession may continue to influence the domestic market’s momentum. However, analysts said moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings in the coming quarters, may limit the volatility.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 148.50 points, or 0.66 per cent, at 22,567, signaling that Dalal Street was headed for positive start on Monday.
Tech View: The RSI is also trading below its 14-day SMA at 38, indicating weak momentum. Immediate support is at 22,300, and a breach below this level could trigger further selling towards 22,000. On the upside, 22,630 is a crucial resistance level, and a breakout above it may lead to an upmove toward 22,800 India VIX: India VIX, which is a measure of the fear in the markets, fell 3.2% to settle at 13.28 levels. US stocks end higher
U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump’s escalating trade war fueled recession fears and doused risk appetite.
Asian shares climb
Asian shares climbed after China pledged more steps to revive consumption. US equity futures slid as Treasury Secretary Scott Bessent dismissed the market’s recent decline as healthy.
S&P 500 futures fell 0.5% as of 9:05 a.m. Tokyo time Hang Seng futures rose 0.6% Japan’s Topix rose 1.1% Australia’s S&P/ASX 200 rose 0.8% Euro Stoxx 50 futures rose 1.4% Oil rises
Oil prices opened about 1% higher on Monday after the United States vowed to keep attacking Yem
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