“Attention will be focused on the government formation this weekend, the ECB meeting today and the RBI policy outcome and commentary tomorrow,” said Yashovardhan Khemka, senior manager, research and analysis at Avance Holdings.
The breakdown of pre-market transactions is as follows:
Market situation
GIFT Nifty (formerly SGX Nifty) signals a flat start
GIFT Nifty futures rose 4 points or 0.02 percent to trade at 22,922.
Tech View
Amidst the high volatility, the short-term trend for Nifty remains positive. Having recently risen above the hurdle of 22,250 levels (midpoint of Tuesday’s long bear candlestick), Nifty may move towards the next upper hurdle of 23,200 (upper limit of long bear candlestick) in the near term. Nagaraj Shetty, of HDFC Securities, said immediate support lies at 22,640 levels.
India VIX: India VIX, a gauge of market fear, fell 11.04% to end at 16.80 levels.
Asian Market
S&P 500 futures were little changed as of 9:11 a.m. Tokyo time. Hang Seng futures were up 0.4%. Japan’s Topix was little changed. Australia’s S&P/ASX 200 was up 0.2%. Euro Stoxx 50 futures were up 0.7%. U.S. stocks
The S&P 500 and Nasdaq Composite closed slightly lower on Thursday as investors anticipated a key labor market report and retreated from the previous day’s record highs, while the Dow edged up slightly. Both the S&P 500 and Nasdaq initially hit new intraday highs but then fell back on losses in technology stocks.
Today’s F&O Prohibited Stocks
Rising oil prices
Oil prices rose on Friday, extending their gains after OPEC+ members Saudi Arabia and Russia signalled they were willing to suspend or withdraw from their production pact and after interest rate cuts in Europe raised the prospect of the United States doing the same.
As of 0007 GMT, Brent crude futures were up 16 cents, or 0.2 percent, at $80.03 a barrel, while U.S. West Texas Intermediate crude futures were up 16 cents, or 0.2 percent, at $75.71.
G
Securities under prohibition in the F&O segment include companies whose securities exceed 95% of the market-wide position limit.
FII/DIIAction
Foreign portfolio investors made a net sale of Rs 6,867 crore on Thursday. DIIs also sold shares worth Rs 3,718 crore.
Rs.
The rupee depreciated by 9 paisa to close at 83.53 paisa against the US dollar on Thursday due to foreign capital outflow and rising crude oil prices in the international market.
FII Data
FII net shortfall increased to Rs 2.87 trillion on Thursday from Rs 3.11 trillion on Wednesday.
