STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 29.50 points, or 0.11 per cent, at 25,932, signaling that Dalal Street was headed for a negative start on Tuesday.
- Tech View: With the December series monthly F&O expiry approaching, market volatility is expected to remain elevated, and the Nifty is likely to trade in a range of 25,800–26,100.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6% to settle at 9.72 levels.
US stocks end lower
Wall Street’s main indexes ended lower on Monday, kicking off the final week of the year on a softer note, as heavyweight technology stocks retreated from last week’s gains that had pushed the S&P 500 to record highs.
- Dow down 0.51%,
- S&P 500 dips 0.35%,
- Nasdaq falls 0.5%
Asian stocks down
A rally in Asian stocks paused after a seven-day run, tracking technology-led declines on Wall Street. Gold and silver fluctuated after a slump from fresh all-time highs.
- S&P 500 futures were little changed as of 9:42 a.m. Tokyo time
- Japan’s Topix fell 0.3%
- Australia’s S&P/ASX 200 rose 0.1%
- Euro Stoxx 50 futures fell 0.1%
Stocks in F&O ban today
Sammaan Capital
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 2,760 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,643 crore.
Rupee
The rupee depreciated eight paise to close at 89.98 (provisional) against the US dollar on Monday, weighed down by foreign fund outflows and a negative trend in domestic equities.
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Source: https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/126242137.cms
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