Trading setup for the day: Gift Nifty signals positive start to Muhurat Trading

Bechmark Nifty closed 2% higher at 25,030 on Friday, reclaiming the 25,000 mark for the first time in over eight months. Indian stock markets will remain open on Sunday for a special session on Diwali. The trading will begin both the BSE and NSE at 2:20 pm and will last till 3:30 pm. Analysts say Indian equities are expected to maintain a positive bias in the near term, supported by strong FII inflows, currency appreciation and resilient domestic fundamentals.

Read More: 2026 Muhurat Trading Live Updates: Check NSE, BSC Stock Market strategy for Diwali trading session

STATE OF THE MARKETS

Gift Nifty (Earlier SGX Nifty) signals a positive start.


Nifty futures on the Gift Nifty traded 0.19% higher at 25,038.50.

Tech View: Immediate resistance for the Nifty at 25,150-25,200, followed by the crucial 25,500 level. On the downside, 24,800 is the immediate support, followed by 24,600. Holding above these levels will be important to preserve the improving technical structure.

India VIX: India VIX, which is a measure of the fear in the markets, rose 12% to settle at 17.46 levels.

MSCI's index of Asia-Pacific shares outside Japan had closed 2.89% lower on Friday.

US stocks had closed mixed on Friday, with the Dow Jones falling 0.46%, the S&P 500 0.31% higher and the Nasdaq 1.06% up.

The US Dollar had fallen 0.04%.

The dollar index was 0.72% higher.

Euro had climbed $1.11455.

Pound edged higher to $1.33544.

Yen was struggling at 0.00631006 per dollar.

Yuan exchanged hands at 0.149802 against the greenback.

Read More: Muhurat Trading Time, and settlement rules for today

Oil falls

Oil prices fell on Friday, with Brent crude futures closing at 97.033, 1.28% lower while WTI crude futures ended at 90.212, 0.34% lower.

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.

FII/DII action

Foreign portfolio investors net bought shares worth Rs 13,749 crore on Friday. DIIs, meanwhile, were net sellers at Rs 5,968 crore.

Rupee

The rupee surged 52 points to close at 93.89 (provisional) against the US dollar on Friday as a softer US dollar coupled with declining crude oil prices and easing concerns over import costs supported investor sentiments.

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