GIFT Nifty down 20 points; here's the trading setup for today's session

Nifty ended lower for the second consecutive day, declining 225 points to close below 25k mark on Friday. Analysts expect the market to remain in consolidation mode amid continued uncertainty around the India-US trade deal, a mixed Q1FY26 earnings season so far and intensifying FII outflows.

Stock-specific action will likely continue as the earnings season gathers pace.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 20 points, or 0.08 per cent, at 24,822, signaling that Dalal Street was headed for muted start on Monday.

• Tech View: If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 5% to settle at 11.28 levels.

US stocks close higher
The S&P 500 and Nasdaq reached record highs, fueled by optimism for a U.S.-EU trade deal and strong earnings from companies like Deckers Outdoor. Intel's disappointing forecast led to a stock decline, while investors await the Federal Reserve's decision on interest rates amid trade concerns.

Asian stocks gain
Global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided clarity in a pivotal week headlined by the Federal Reserve and the Bank of Japan policy meetings.

• S&P 500 futures rose 0.4% as of 9:16 a.m. Tokyo time
• Hang Seng futures rose 0.1%
• Japan’s Topix fell 0.2%
• Australia’s S&P/ASX 200 rose 0.2%
• Euro Stoxx 50 futures were little changed

Gold falls
Gold prices fell on Monday to their lowest in nearly two weeks, as a framework trade agreement between the United States and European Union reduced appetite for safe-haven assets.

Oil rises
Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand.

Euro gains
The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war.

Stocks in F&O ban today
RBL Bank

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 1,979 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,139 crore.

Rupee
The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices.

FII data
The position of FIIs in the futures market increased from a net short of Rs 1.45 lakh crore on Thursday to Rs 1.58 lakh crore on Friday.