D-St set for a negative opening as GIFT Nifty signals weak start

Benchmark Nifty closed marginally down on Wednesday, after recovering 180 points from day's low. Analysts say Indian equities are likely to remain range-bound.

Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation, but without offering a clear signal they might raise rates at their next meeting in December.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a negative start

GIFT Nifty on the NSE IX traded lower by 64 points, or 0.28 per cent, at 22,669, signaling that Dalal Street was headed for a negative start on Thursday.

Tech View: A decisive breakout beyond these levels will trigger the next trending move. With elevated crude oil, US 10-year yields topping 5%, and India VIX above 15, traders should maintain caution and strictly align strategies with the prevailing broader trend.

India VIX: India VIX, which is a measure of the fear in the markets, fell 0.1% to settle at 16.24 levels.

Asian shares edge higher

Nasdaq 100 Index futures dropped 0.9% and contracts for the S&P 500 slipped 0.4% as Samsung Electronics third-quarter earnings missed estimates. Elsewhere, Alphabet slumped 10% in extended trading after the Google parent’s sales underwhelmed. MSCI Inc.’s Asia Pacific equities gauge climbed 0.3%, led by gains in Japan’s Nikkei 225.

• S&P 500 futures fell 0.3% as of 9:58 a.m. Tokyo time
• Hang Seng futures rose 0.1%
• Japan’s Topix was little changed
• Australia’s S&P/ASX 200 rose 0.3%
• Euro Stoxx 50 futures rose 0.1%

US stocks end higher

US stocks ended higher on Wednesday after the Federal Reserve held interest rates steady, as expected, while investors assessed the central bank's economic outlook and looked ahead to quarterly results from Microsoft and Alphabet, Reuters reported. The gains came as chipmakers recovered from a recent selloff, with strong results from South Korean chipmaker SK Hynix supporting optimism around demand for artificial intelligence infrastructure.

Gold dips

Gold slipped on Thursday as the dollar firmed, while investors assessed policy signals from the Federal Reserve and Chair Kevin Warsh after the central bank left interest rates unchanged and awaited key US inflation data due later in the day.

Read more: Ahead of Market: 10 things that will decide stock market action on Thursday

Stocks in F&O ban today

1) Kaynes

2) 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.

Read more: Diwali 2026: Sensex plunged 10,000 points, Nifty dropped 12% since last Diwali. Will Samvat 2083 bring some relief?

FII/DII action

Foreign portfolio investors net bought shares worth Rs 872 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 643 crore.

Rupee

The rupee depreciated 21 paise to close at 95.28 against the US dollar on Wednesday, weighed down by a stronger US dollar and surging crude oil prices.

Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here