GIFT Nifty up 25 points; here's the trading setup for today's session

Nifty rebounded after three sessions of losses, aided by stronger-than-expected GDP growth. Analysts say the domestic macro backdrop and demand environment remains constructive, though the overhang of 50% US tariffs and persistent FII selling could keep the market range bound.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 25 points, or 0.10 per cent, at 24,753.50, signaling that Dalal Street was headed for a positive start on Tuesday.

• Tech View: The index is not fully out of the woods yet, and as long as it trades below 25,000, pullbacks may attract selling pressure. On the positive side, a buy crossover on the hourly MACD indicates scope for follow-up momentum in the near term. On the downside, strong support is placed at 24,350.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 4% to settle at 11.29 levels.

Asian shares gain
Asian stocks posted modest gains at the open Tuesday, with attention back on technology shares and the artificial intelligence sector following the surge in Alibaba Group Holding Ltd.’s shares.

• S&P 500 futures were little changed as of 9:30 a.m. Tokyo time
• Japan’s Topix rose 0.2%
• Australia’s S&P/ASX 200 fell 0.3%
• Euro Stoxx 50 futures rose 0.2%

Dollar under pressure
The U.S. dollar made a limp recovery in early Asian trade after days of selling, ahead of the U.S. markets reopening later on Tuesday after the Labor Day holiday.

Oil rises
Oil prices rose in early Asia trade on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.


Stocks in F&O ban today

NIL

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 1,429 crore on Monday. DIIs, meanwhile, were net buyers at Rs 4,345 crore.

Rupee
The rupee depreciated just 1 paisa to close at an all-time low of 88.10 against the US dollar on Monday amid Indo-US trade deal uncertainties and higher dollar demand from importers.