GIFT Nifty up 10 points; here's the trading setup for today's session

Indian equities exhibited volatility as markets tracked intensified attacks between Iran and Israel, cautious commentary from US Fed and the looming deadline for levy of US reciprocal tariffs. Analysts expect the market to remain in consolidation mode, following the global market cues and developments on the geo-political front.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 6.50 points, or 0.03 per cent, at 24,794, signaling that Dalal Street was headed for muted start on Friday.

• Tech View: On the daily chart, it has slipped below the 21-EMA, further reinforcing the bearish outlook. This negative sentiment is likely to persist as long as the index remains below 24,850. On the downside, support is seen at 24,550.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 0.14% to settle at 14.26 levels.

Asian shares mixed
Contracts for the S&P 500 were down around 0.3% from Wednesday’s close in early Asia hours, compared with a 0.9% drop on Thursday when US markets were closed for the Juneteenth holiday. Shares in Japan and Australia held to tight ranges.

• S&P 500 futures fell 0.2% as of 9:09 a.m. Tokyo time
• Japan’s Topix rose 0.1%
• Australia’s S&P/ASX 200 was little changed

Oil rises
Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down.

Gold steadies
Gold held steady on Friday, with geopolitical tensions escalating in the Middle East as Israel and Iran continued their air war, while investors remained wary of possible U.S. involvement.

Stocks in F&O ban today

CDSL

ABFRL

Hudco

RBL Bank

Titagarh

Biocon

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 net sold shares worth Rs 934 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 606 crore.

Rupee
The rupee registered the third straight session of fall and depreciated 30 paise to close at 86.73 against US dollar on Thursday, weighed down by the strength of the American currency in the overseas markets and rising crude oil prices.

FII data
The position of FIIs in the futures market reduced from a net short of Rs 99,483 crore on Tuesday to Rs 99,183 crore on Wednesday.