STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 57.50 points, or 0.23 per cent, at 25,239, signaling that Dalal Street was headed for positive start on Tuesday.
- Tech View: A golden crossover on the daily chart has been a support the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely. A decisive move above this level could trigger a rally towards 25,700. On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.4% to settle at 14.69 levels.
US stocks end higher
The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year.
- S&P 500 +0.09%,
- Nasdaq +0.31%,
- Dow flat
Asian shares gain
Shares in Asia were poised to open stronger on Tuesday, buoyed by US-China trade talk expectations as officials struck a positive tone after the first day of negotiations.
- S&P 500 futures were little changed as of 8:19 a.m. Tokyo time
- Hang Seng futures rose 0.2%
- S&P/ASX 200 futures were little changed
Gold prices steady
Gold prices remained steady on Tuesday as investors monitored ongoing U.S.-China trade discussions in London aimed at easing a trade dispute between the world’s two top economies.
Oil rises
Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.
Stocks in F&O ban today
Titagarh
Hindustan Copper
ABFRL
Chambal Fertilisers
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 1,993 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3,504 crore.
Rupee
The rupee appreciated 2 paise to close at 85.66 against the US dollar on Monday, supported by a firm trend in domestic equities and foreign capital inflows.
FII data
The position of FIIs in the futures market increased from a net short of Rs 92,600 crore on Friday to Rs 95,872 crore on Monday.
