GIFT Nifty slides over 300 pts, signals gap-down start; here's today’s trading setup

Markets witnessed a strong rebound after six consecutive weeks of decline, supported by favourable global cues. Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. On Monday, market will react to the peace talks collapsing and rising rhetoric once again from Donald Trump.

STATE OF THE MARKETS

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

Nifty futures on the Gift Nifty traded over 300 pts or 1% lower at 23,775.

Tech View: The bulls have regained control after a brief pause in the previous session, with the Nifty closing above the psychological 24,000 mark. The broader market structure remains positive, and a further short-covering rally could push the index towards the 24,300–24,500 zone in the near term.

India VIX: India VIX, which is a measure of the fear in the markets, fell 8% to settle at 18.85 levels.

Global Markets

• S&P 500 futures fell 0.9% as of 9:42 a.m. Tokyo time
• Hang Seng futures rose 0.2%
• Nikkei 225 futures (OSE) fell 0.6%
• Japan’s Topix fell 0.2%
• Australia’s S&P/ASX 200 fell 0.4%
• Euro Stoxx 50 futures fell 1.5%

Dollar climbs
The dollar climbed to a one-week high in early Asian trading on Monday, rising broadly against major currencies after US-Iran peace talks collapsed and the US Navy moved to enforce a blockade on Iranian ports.

The dollar index, which tracks the greenback against six peers, advanced up to 0.5% to 99.187, marking its strongest level since April 7.

Oil rises
Oil prices surged past $100 a barrel on Monday as the U.S. Navy moved to enforce a blockade around the Strait of Hormuz, raising concerns over disruptions to Iranian oil exports after failed U.S.-Iran negotiations.

Brent crude futures jumped $7.60, or nearly 8%, to $102.80 a barrel by 2310 GMT, rebounding sharply after closing 0.75% lower in the previous session.

Stocks in F&O ban today

SAIL
Sammaan Capital

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 672 crore on Friday. DIIs, meanwhile, were net buyers at Rs 410 crore.

Rupee
The rupee pared initial gains and settled for the day 32 paise lower at 92.83 against the US dollar on Friday, weighed down by risks from rising global tensions, especially the US-Iran conflict.

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