Nifty slipped below the 25,000 mark on Friday, marking the third consecutive week of decline for Indian equity markets. Analysts expect the market to remain in consolidation mode amid continued global trade uncertainty and a subdued start to the Q1FY26 earnings season. Key results on Monday include Ultratech Cement, Eternal, IDBI Bank, Havells, Oberoi Realty among others.
Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 6 points, or 0.02 per cent, at 25,027, signaling that Dalal Street was headed for muted start on Monday.
- Tech View: The index stayed above the 50-day moving average (50DMA) and appears poised for a short-term pullback after a sharp correction. However, it remains a ‘sell on rise’ as long as it trades below 25,260. On the downside, selling may intensify if it breaks below 24,900.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.33% to settle at 11.39 levels.
US stocks end mixed
S&P 500, Dow Jones, Nasdaq struggled on Friday at Wall Street as US Stock market ended in mix for the day.
Live EventsAsian shares waver
The yen recouped some of last week’s losses as investors weighed the extent of the defeat suffered by Japan’s ruling coalition in the weekend’s upper-house election. Asian stock markets wavered at the open.
- S&P 500 futures rose 0.1% as of 9:35 a.m. Tokyo time
- Hang Seng futures rose 0.1%
- Nikkei 225 futures (OSE) fell 0.1%
- Australia’s S&P/ASX 200 fell 0.7%
- Euro Stoxx 50 futures fell 0.2%
Oil little changed
Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth.
Yen firm
The yen firmed on Monday after Japan’s ruling coalition lost its majority in the upper house as investors braced for a period of policy paralysis and market tumult in the world’s fourth-largest economy ahead of a deadline on tariff negotiations with the U.S.
Stocks in F&O ban today
Angel One
Hindustan Copper
Bandhan Bank
RBL Bank
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 buyers shares worth Rs 375 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,103 crore.
Rupee
The rupee stayed weak for the third straight session and settled 4 paise lower at 86.16 against the US dollar on Friday, amid rising global crude oil prices and a steep decline in domestic equity markets.