gift nifty: GIFT Nifty signals a muted start for D-Street. Here’s the trading setup for today’s session

Domestic markets traded in a narrow range to close little changed on Monday. Analysts said markets are turning to a consolidation phase due to the absence of major triggers to support the current premium valuation in the near term, prompting investors to book some profits.

“The earnings season is around the corner, and the initial expectation is subdued. With stable input prices and ongoing price cuts, the period of margin expansion appears to be concluding, which is likely to affect earnings and valuations,” said Vinod Nair, Head of Research, Geojit Financial Services.

Here’s breaking down the pre-market actions:


Gift Nifty (Earlier SGX Nifty) signals a flat start.

Nifty futures on the Gift Nifty traded 2o pts lower at 24,382.

Tech View
A sustainable move above the key hurdle of 24400 levels could open a sharp upmove for the market ahead, said Nagaraj Shetti of HDFC Securities.India VIX
India VIX, which is a measure of the fear in the markets, rose 7% to settle at 13.60 levels.

Global Markets

  • S&P 500 futures rose 0.2% as of 9:16 a.m. Tokyo time
  • Hang Seng futures fell 0.3%
  • Japan’s Topix rose 0.3%
  • Australia’s S&P/ASX 200 rose 0.6%
  • Euro Stoxx 50 futures were little changed

Forex News

  • The euro was little changed at $1.0833
  • The Japanese yen was little changed at 160.79 per dollar
  • The offshore yuan was little changed at 7.2868 per dollar

Stocks in F&O ban today

1) India Cements

2) Hindustan Copper


4) Bandhan Bank

5) PEL


7) Chambal Fertilisers

8) Indus Tower

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 turned net buyers at Rs 60.98 crore on Monday. DIIs too bought shares worth Rs 2,866 crore.

The rupee pared initial gains to settle 1 paisa lower at 83.50 against the US dollar on Monday, as muted domestic equities weighed on investor sentiments.

FII data
The net long of FIIs reduced from Rs 3.84 lakh crore on Friday to Rs 3.77 lakh crore on Monday.

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