GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session

Domestic markets gained for the sixth consecutive week, driven by robust earnings from IT companies. The first quarter earnings will be a key focus this week as numerous heavyweights including Infosys, Reliance, Kotak Mahindra Bank will announce their results.

Additionally, analysts said pre-budget discussions are expected to contribute to market volatility.

Here's breaking down the pre-market actions:


STATE OF THE MARKETS

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

Nifty futures on the Gift Nifty traded 67 pts higher at 24,613.

Tech View
The index must break through the 24,600-24,620 resistance level to trigger fresh bullish momentum. Until then, investors should consider buying on dips in the Nifty, with support near 24,170, Hrishikesh Yedve of Asit C Mehta said.

India VIX
India VIX, which is a measure of the fear in the markets, fell 1.93% to settle at 13.72 levels.

Global Markets

• S&P 500 futures were little changed as of 9:05 a.m. Tokyo time
• Hang Seng futures fell 0.5%
• Australia’s S&P/ASX 200 rose 0.4%

Dollar firm
U.S. bond futures declined and the dollar strengthened on Monday as investors speculated that the assault on U.S. presidential candidate Donald Trump increased his chances of winning, thereby introducing heightened political uncertainty into markets.

Thin trading conditions due to a holiday in Japan limited early activity, with the dollar seeing a slight increase and Treasury futures experiencing a decline.

Stocks in F&O ban today

1) India Cements

2) IEX

3) ABFRL

4) Bandhan Bank

5) PEL

6) GNFC

7) Chambal Fertilisers

8) Indus Tower

9) Balrampur Chini Mills

10) RBL Bank

11) GMR Infra

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 4,021 crore on Thursday. DIIs sold shares worth Rs 1,651 crore.

Rupee
The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.52 against the US dollar on Friday.

FII data
The net long of FIIs increased from Rs 3.06 lakh crore on Thursday to Rs 3.27 lakh crore on Friday.

Q1 results
HDFC Life, Jio Financial, HDFC AMC, Angel One, SpiceJet among 36 companies will announce their first quarter results on Monday.