GIFT Nifty up 110 points; here's the trading setup for today's session

Indian equities traded higher on Thursday, with the Nifty snapping a three-session slide. FII remained net sellers for the 11th straight session, offloading equities on Thursday. Key data to watch include the India CPI and UK GDP print today.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 110 points, or 0.42 per cent, at 26,136, signaling that Dalal Street was headed for a positive start on Friday.

• Tech View: A decisive break below 25,700 could give bears the upper hand. Conversely, unless Nifty moves above 26,000, caution and fear may continue to dominate market sentiment
• India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 10.53 levels.

Asian shares gain
Asian stocks opened higher after US shares and a broader gauge of global equities hit fresh records, helped by the Federal Reserve’s third consecutive interest-rate cut.

• S&P 500 futures were little changed as of 9:22 a.m. Tokyo time
• Japan’s Topix rose 1.7%
• Australia’s S&P/ASX 200 rose 1%
• Euro Stoxx 50 futures rose 0.9%

S&P 500, Dow end higher
The S&P 500 and the Dow boasted record closing highs on Thursday after a Federal Reserve policy update that was less hawkish than expected while the tech-heavy Nasdaq underperformed as Oracle's financial update made investors wary of artificial intelligence bets.

• Dow rises 1.34%,
• S&P 500 adds 0.21%,
• Nasdaq falls 0.25%

Gold dips
Gold edged lower on Friday after hitting a more than seven-week high in the previous session, as investors booked profits.

Stocks in F&O ban today

Sammaan Capital
Bandhan 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 2,021 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,796 crore.

Rupee
The rupee plunged 38 paise to close at an all-time low of 90.32 against the US dollar on Thursday amid uncertainty over the India-US trade deal.

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