GIFT shows a muted beginning; Markets open cautiously between world signs
Indian stocks are set for a cautious start on Monday, with the GIFT Nifty showing slight weakness amid mixed global indices. Investors will closely monitor the release of key economic data, including inflation figures from China and US and GDP updates from major economies, to gauge market direction.
The GIFT Nifty on NSE IX was down 54.25 points, or 0.22 percent, at 24,729, marking a lower start for Indian markets.
India VIX:
India VIX, an index of volatility, fell 2.7 percent to 14.14, indicating reduced market uncertainty.
Asian Stocks:
Asian markets traded lower, dragged down by South Korean stocks, as investors await central bank meetings and US inflation data that are key to future policy moves.
Oil:
The figures showed mixed trends, balancing weak Chinese demand against geopolitical risks in the Middle East.
Fees:
Major currencies, including the euro, are volatile, with the focus on movements in the Canadian and Australian dollars ahead of central bank announcements.
Stocks in F&O Ban:
Granules and Manappuram remain in the ban period as the margins in the market across the board have exceeded 95 percent.
Action of FII/DII:
FPIs sold shares worth Rs 1,830 crore, while DIIs were the biggest buyers for Rs 1,659 crore on Friday.
Rupee:
The rupee closed almost flat at 84.64 against the US dollar, maintaining stability despite global cues.
