GIFT Nifty hints positive start. Here's today's trading setup

Indian equities ended lower on Tuesday as investors turned cautious amid persistent FII outflows. Analysts said near-term market direction will hinge on the ongoing Q2 earnings season and evolving global macro signals. Any positive momentum in US–India trade negotiations could help revive sentiment and lend support to export-linked sectors.

STATE OF THE MARKETS

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

Nifty futures on the Gift Nifty traded 84 pts higher at 25,737.

Tech View: A decisive move above 25,800 would negate the bearish setup and open the door for a fresh upside. Overall, the Nifty is expected to trade within a broader range of 25,400–25,800 levels in the near term.

India VIX: India VIX, which is a measure of the fear in the markets, rose 0.067% to settle at 12.68 levels.

Global Markets Watch

• S&P 500 futures fell 0.2% as of 9:26 a.m. Tokyo time
• Hang Seng futures rose 0.8%
• Japan’s Topix rose 0.9%
• Australia’s S&P/ASX 200 rose 0.4%
• Euro Stoxx 50 futures fell 0.1%

US equities
Wall Street was bracing to engage with Zohran Mamdani a day after the Democratic Socialist’s victory in the New York City mayoral race — an outcome expected to send ripples through the global financial hub amid concerns that the city’s business climate could weaken.

Although the mayor’s office holds no direct authority over Wall Street, the position strongly influences perceptions of New York’s openness to business. Many in the financial sector had reservations about Mamdani’s win but remain cautiously optimistic that he may temper his stance or encounter obstacles to implementing higher taxes on corporations and the wealthy.

Forex News

• The euro was little changed at $1.1499
• The Japanese yen rose 0.2% to 153.86 per dollar
• The offshore yuan was little changed at 7.1291 per dollar
• The Australian dollar was little changed at $0.6504

Oil steady
Oil prices were little changed on Thursday, hovering near two-week lows hit in the previous session as concerns over sluggish demand and a global supply glut kept markets under pressure.

Brent crude futures inched up 2 cents, or 0.03%, to $63.54 a barrel at 0127 GMT, while U.S. West Texas Intermediate (WTI) held steady at $59.60.

Stocks in F&O ban today

1) 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 sold shares worth Rs 1,067 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,203 crore.

Rupee

The rupee recovered from the record low level and settled with a gain of 7 paise at 88.70 against the US dollar on Tuesday, boosted by a correction in global crude oil prices.