SynopsisIndian markets traded positively on Thursday, buoyed by potential tax benefits for foreign portfolio investments. Analysts anticipate a range-bound trading session ahead of the RBI's Monetary Policy Committee meeting, which will offer crucial insights into interest rates and economic outlook. Investors are closely watching these developments.Listen to this article in summarized formatAgencies Investors will closely monitor the outcome of the RBI’s Monetary Policy Committee meeting 10am on Friday, which is expected to provide important cues on the interest rate, inflation outlook, economic growth and currency stability.On Thursday, markets traded in positive territory after witnessing volatility in the previous sessions. Sentiment improved following news reports that the Government plans provide tax benefits to foreign portfolio investments under government securities, a move aimed at attracting foreign capital inflows and supporting the rupee. Analysts say Indian equities are likely to remain range-bound in the near term amid a mix of domestic and global developments. Investors will closely monitor the outcome of the RBI’s Monetary Policy Committee meeting 10am on Friday, which is expected to provide important cues on the interest rate, inflation outlook, economic growth and currency stability.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded higher by 12.50 points, or 0.05 per cent, at 23,551, signaling that Dalal Street was headed for a muted start on Friday.Tech View: Sentiment is likely to stay uncertain with a bearish bias in the short term, as long as the index remains below 23,500. On the other hand, a decisive move above 23,500 could trigger a rally towards 23,700. On the downside, immediate support is placed at 23,370; a decisive breach below this level may drag the Nifty towards 23,200 and lower levels.India VIX: India VIX, which is a measure of the fear in the markets, fell 2.4% to settle at 15.88 levels.US stocks end higherWall Street ended higher on Thursday as signs of progress toward resolving the Iran conflict lifted investor sentiment. However, weaker-than-expected results from Broadcom triggered a selloff in semiconductor stocks, limiting gains in the Nasdaq.Asian stocks declineAsian stocks declined along with US equity-index futures as enthusiasm for the artificial intelligence trade cooled after driving markets to record highs this year.S&P 500 futures fell 0.5% as of 9:38 a.m. Tokyo timeHang Seng futures rose 0.3%Japan’s Topix was little changedAustralia’s S&P/ASX 200 fell 0.6%Euro Stoxx 50 futures fell 0.2%Oil little changed Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the ‌Hezbollah militia rejected a ⁠new ⁠ceasefire in Lebanon.Gold slips Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and rate-hike fears.Yen gainsThe Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.Stocks in F&O ban today1) Amber Enterprises2) KaynesSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.RupeeThe rupee rose 2 paise to settle at 95.74 against the US dollar on Thursday, as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision on June 5.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless