GIFT Nifty up 50 points; here's the trading setup for today's session

Equities markets advanced on Wednesday, supported by positive global cues, even as, risk sentiment remained cautious against the backdrop of trade-related uncertainties. Overall, analysts say while the undertone remains cautious with selective sectoral participation, markets are likely to continue trading within a broader range in the near term, guided by macro developments and sector-specific catalysts.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 49.50 points, or 0.19 per cent, at 25,669, signaling that Dalal Street was headed for a positive start on Thursday.

• Tech View: Going forward, analysts expect the market to remain sideways until there is an improvement in investor confidence. Immediate support is placed at 25300; as long as this level is maintained, the possibility of a rally remains intact. On the higher end, resistance is placed at 25650-25750.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 4.7% to settle at 13.49 levels.

US stocks end higher
Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology's potential benefits.

• Dow up 0.63%,
• S&P 500 rises 0.81%,
• Nasdaq gains 1.26%

Asian shares gain
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.’s upbeat sales forecast.

• S&P 500 futures fell 0.1% as of 9:47 a.m. Tokyo time
• Hang Seng futures rose 0.7%
• Nikkei 225 futures (OSE) rose 0.4%
• Japan’s Topix rose 1.4%
• Australia’s S&P/ASX 200 rose 0.6%
• Euro Stoxx 50 futures were little changed

Gold rises
Gold prices edged higher on Thursday, buoyed by a softer dollar and safe-haven demand fuelled by uncertainty surrounding U.S. tariff policy and U.S.-Iran talks.

Dollar slips
The dollar began the day on the back foot during the Asian trading session on Thursday, as better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest U.S. tariffs on imports of foreign goods.

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 bought shares worth Rs 2,991 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,119 crore.

Rupee
The rupee stayed range-bound and settled with a gain of 4 paise at 90.91 against the US dollar on Wednesday on the back of foreign fund inflow and a weak greenback.

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