GIFT Nifty up 70 points; here's the trading setup for today's session

Indian equities began the New Year on a strong note, gaining around 1% and decisively breaking out of a five-week consolidation phase. The coming week is expected to be data-heavy, both domestically and globally, as markets enter the early phase of the earnings season. In India, investors will track the final readings of the HSBC Services PMI and Composite PMI, followed by FY GDP growth data.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 68 points, or 0.26 per cent, at 26,536, signaling that Dalal Street was headed for a positive start on Monday.

• Tech View: The trend is expected to remain firm in the near to short term, with a buy-on-dips approach favoring the bulls as long as the index sustains above 26,000. On the upside, a decisive move above 26,350 could open the door for an advance towards 26,600 in the short term.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.9% to settle at 9.45 levels.

Dow, S&P ⁠500 end higher
The Dow and S&P ⁠500 indexes ended higher on Friday, starting 2026 by snapping a four-day losing streak, helped by gains in chip makers Nvidia, Intel and Boeing

Asian shares gain
Asian equities climbed to a record as investors extended their bets on technology shares. Oil prices fluctuated and precious metals climbed.

• S&P 500 futures rose 0.1% as of 9:25 a.m. Tokyo time
• Hang Seng futures were little changed
• Japan’s Topix rose 1.6%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures rose 0.4%

Oil trades sideways
Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments ‌after U.S. President Donald ‌Trump seized Venezuelan President Nicolas Maduro, in a well supplied market.

Dollar firm
The dollar started ‍the first full trading week of the new year on ⁠the front foot, rising to a 3-1/2-week high versus the euro and gaining against sterling. Currency moves have so ‌far ‌been modest on Monday, although the United States' audacious raid in ‌Venezuela and capture of President Nicolas Maduro to face drug-trafficking charges in New York loom as a risk for sentiment.

Stocks in F&O ban today

SAIL
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 bought shares worth Rs 289 crore on Friday. DIIs, meanwhile, were net buyers at Rs 677 crore.

Rupee
The Indian rupee slipped below the 90-mark and settled the day lower by 22 paise at 90.20 against the US dollar on Friday, amid disappointing macroeconomic data and strengthening of the American currency in overseas markets.

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