Pre-market action: Here's the trade setup for today's session

Indian equity benchmarks ended lower on Friday, with the Nifty declining 0.4%. Markets are expected to remain focused towards budget related announcements, and global cues.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 16 points, or 0.06 per cent, at 25,420 on Jan 31st, 02:44 am, signaling that Dalal Street was headed for a muted start on special Budget seesion.

• Tech View: On the higher side a move above 25,500 will open further upside towards 25,700-25,800 levels. While key support id placed at 24,900-25,000 levels being the confluence of 52 weeks EMA and lower band of the rising channel in placed since August 2025.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2% to settle at 13.63 levels.

Stocks in F&O ban today
Sammaan Capital

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 2,251 crore on Thursday. DIIs, meanwhile, were net sold at Rs 601 crore.

Rupee
The rupee on Friday hit its record low of 92.02 before ending 6 paise higher at 91.93 against the US dollar amid a firm American currency and geopolitical uncertainties.

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