Smart GIFT up to 9 points; Here is the trading setup for today’s session

Domestic stocks rose for the second straight day on good macro data and strong signals from around the world. Investors will be on the lookout for the services PMI data from Europe, the UK, and India later today.

In the future, optimistic countrywide statistics are expected to uphold the indices and impart a wider sense of dynamism to the market. Sector rotation will continue, with niche and underperforming sectors likely to do well. Siddhartha Khemka, the visionary leader overseeing retail research at Motilal Oswal Financial Services, expressed his insights.

Here’s a look at the pre-launch activity:

MARKET STATE

GIFT Nifty (formerly SGX Nifty) signals a quiet start.
GIFT Nifty on the NSE IX traded up 8.5 points or 0.04% to 19,607.50, suggesting Dalal Street is heading for a weak open on Tuesday.

Technical View: Nifty remains bullish as the index holds a position above the channel breakout level. Trend should remain positive as long as it stays above 19.525. On the downside, the index could potentially extend gains towards 19,750, while a dip below 19,400 could see a consolidation phase.
India VIX: India VIX, a measure of market anxiety, is down 3.54% and will stabilize at 10.96.

Asian stocks shed

Asian stocks shed ground as investors refocus on China’s efforts to stem economic malaise after US markets shut down due to US Labor Day.

• S&P 500 futures are down 0.1% since 9:16 am Tokyo time
• Nasdaq 100 futures demonstrate negligible variability
• Hang Seng futures are up from 0.4%
• Japan Topix down 0.1%
• Australia’s S&P/ASX 200 down 0.5%
• The futures for Euro Stoxx 50 exhibit a slight dip of 0.2%

Mixed Oil Prices

Oil prices were mixed on Tuesday as China’s support to support the economy eased, shattering expectations of continued supply cuts from two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures fell 10 cents, or 0.11%, to $88.90 a barrel in November. WE. West Texas Intermediate (WTI) crude oil futures were up 33 cents, or 0.39%, at $85.88 by 0029 GMT.

Stocks are banned from F&O today 

1) Indiabulls Housing Finance
2) Balrampur Chini Mills
3) BHEL
4) Hindustan Copper
5) India Cements

Prohibited securities in the F&O segment include companies, their collateral 95% of the collateral exceeds the total market position limit. On Monday,

FII/DII shares held by

Foreign investors in the portfolio were net sold for Rs.3,367 crore while DIIS bought shares worth Rs.2,563 crore.

rupee

The rupee fell 11 paise on Monday to close at 82.73 against the US dollar on surging oil prices and the US currency’s strength abroad.

F&O

The net long position of foreign portfolio investors fell to 5,603 crore on Monday from 3,209 crore on Friday.

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