The markets traded within a tight range throughout the last week and ended nearly half a percent lower, extending the ongoing corrective phase. Looking ahead, the holiday-shortened week is expected to remain volatile due to the expiry of February’s derivative contracts. Additionally, trends in FII flows and updates on US tariff policies will be closely watched.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 109.50 points, or 0.48 per cent, at 22,682.50, signaling that Dalal Street was headed for negative start on Monday.
- Tech View: “Nifty has closed at a multi-day low amid increased bearish sentiment. The RSI (14) has entered a bearish crossover. On the lower end, a correction towards 22,500 looks possible in the short term, while on the higher end, 22,850 might continue to remain a strong resistance.”
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.04% to settle at 14.53 levels.
US stocks end lower
U.S. stocks tumbled on Friday, extending their selloff in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand.Asian shares mixed
European shares steadied, while Asian stocks were mixed on Monday as Germany’s election produced no nasty surprise, while Wall Street futures firmed on hopes results from AI diva Nvidia this week would justify the tech sector’s sky-high valuations.
Gold Steady
Gold prices steadied near an all-time high on Monday, supported by concerns over U.S. President Donald Trump’s tariff plans, while focus shifted to a key U.S. inflation report due later this week.
Stocks in F&O ban today
1) Manappuram
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 sellers at Rs 3,449 crore on Friday. DIIs bought shares worth Rs 2,885 crore.
Rupee
The rupee pared initial gains and settled 4 paise lower at 86.68 against the US dollar on Friday, weighed down by sustained foreign fund outflows and a recovery in the American currency index.
FII data
The net short of FIIs stayed flat from Rs 1.92 lakh crore on Thursday to Rs 1.92 lakh crore on Friday.
