D-St set for a positive opening as GIFT Nifty signals firm start

Indian benchmark indices extended their losing streak, with the Nifty 50 declining for the fifth consecutive session and slipping below the crucial 23,800 mark. Analysts say immediate bias in the index remains down below 24,000 and Nifty to gradually head towards 23,600 and 23,500 levels being the confluence of the trendline support joining lows of April and June 2026, bullish gap area of 15th June 2026 and 61.8% retracement of the recent up move from 23,070-24,530.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 125 points, or 0.52 per cent, at 23,953, signaling that Dalal Street was headed for a positive start on Monday.


Tech View: A fall below 23600 might trigger a severe correction, as investors would be running away, putting the Nifty at greater downside risk. On the higher end, 24000 will become the line of polarity. Unless the Nifty moves higher to reclaim 24000, the broader trend is likely to remain weak.

India VIX: India VIX, which is a measure of the fear in the markets, rose 3.15% to settle at 13.90 levels.

Also Read: Global Market Today: Oil falls, Asian stocks rise as Iran tensions ease

Asian shares gain
Oil dropped, stocks and bonds rose as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict.

• S&P 500 futures rose 0.7% as of 9:40 a.m. Tokyo time
• Hang Seng futures rose 0.2%
• Japan’s Topix rose 0.6%
• Australia’s S&P/ASX 200 rose 0.9%
• Euro Stoxx 50 futures rose 0.3%

Oil falls
Oil prices tumbled 5% on Monday after the U.S. and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.

Gold climbs
Gold climbed more than 1% on Monday after a pause in hostilities in the Middle East pushed oil prices lower, easing worries about inflation and prolonged high interest rates.

Dollar pulls back
The dollar slumped against its major peers at the start of Asian trading on Monday after the U.S. paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence.

Stocks in F&O ban today
1) Kaynes
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.

Rupee
The rupee recovered 20 paise to close at 96.53 against the US dollar on Friday amid likely intervention by the Reserve Bank of India (RBI). A combination of factors, including heightened tensions in West Asia, FII outflows, and sustained negative sentiments at the domestic equity markets, maintained pressure on the local unit, according to forex traders.

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