SynopsisDomestic equities rebounded on Thursday, with the Nifty gaining 0.6 percent. Analysts expect Indian equities to remain sideways with a marginal recovery bias. Broader market action and sector-specific opportunities are likely to remain in focus. Foreign portfolio investors net sold shares worth Rs 583 crore. Domestic institutional investors were net buyers at Rs 3,538 crore.Listen to this article in summarized formatTIL CreativesBroader market action and sector-specific opportunities are likely to remain in focus.Domestic equities rebounded on Thursday, with the Nifty gaining 0.6%. Analysts say Indian equities are expected to remain sideways with a marginal recovery bias, supported by value buying after seven consecutive sessions of decline and firm global cues. Broader market action and sector-specific opportunities are likely to remain in focus.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 53 points, or 0.22 per cent, at 24,350, signaling that Dalal Street was headed for a positive start on Friday.Tech View: Overall, the short-term sentiment looks positive, and the Nifty is expected to move towards higher levels. On the higher end, resistance is seen at 24,350/24,500, while on the lower end, support is placed at 24,150.India VIX: India VIX, which is a measure of the fear in the markets, fell 5.01% to settle at 10.76 levels.US stocks sinkThe three main US equity indexes closed lower on Thursday as rising Treasury yields dented risk appetite, disappointing results from retail bellwether Walmart soured investors on the consumer sector and rallying oil prices fanned inflation worries.Asian shares declineMost Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while a diplomatic deadlock in the Gulf lifted oil prices to one-month highs and kept inflation risks to the fore.S&P 500 futures were little changed as of 9:50 a.m. Tokyo timeHang Seng futures were little changedNikkei 225 futures (OSE) fell 1%Japan’s Topix fell 0.2%Australia’s S&P/ASX 200 fell 0.2%Euro Stoxx 50 futures were little changedGold held steadyGold held steady on Friday but was on track for a third straight weekly gain, buoyed by a weaker dollar and U.S. Treasury Department efforts to hold down longer-term yields.Oil prices little changedOil prices were little changed on Friday, but were on track for a second weekly rise as the stalemated US-Iran war continues to disrupt supply from the key Middle East producing region.Dollar wobblesThe dollar was on shaky ground and set for a weekly loss on Friday, as investors viewed the US Treasury's bond buyback gambit as merely a temporary fix, while raising fresh concerns about officials' increasingly interventionist approach.Read more: Ahead of Market: 10 things that will decide stock market action on FridayStocks in F&O ban today1) Bandhan Bank2) Manappuram3) SAILSecurities 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 actionForeign portfolio investors net sold shares worth Rs 583 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,538 crore.RupeeThe rupee pared initial gains and settled for the day with gains of just 3 paise at 95.70 against the US dollar on Thursday, as the support from the weaker dollar index was negated by elevated crude oil prices.(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
D-Street set for positive start as GIFT Nifty signals gains
Domestic equities rebounded on Thursday, with the Nifty gaining 0.6 percent. Analysts expect Indian equities to remain sideways with a marginal recovery bias. Broader market action and sector-specific opportunities are likely to remain in focus. Foreign portfolio investors net sold shares worth Rs 583 crore. Domestic institutional investors were net buyers at Rs 3,538 crore.
TL;DRAI
Nifty +0.6% Thursday; GIFT Nifty +0.22% at 24,350 Friday open, backed by DII net buying (Rs 3,538 crore) against FPI selling. Recovery from seven-session decline pressured by elevated Treasury yields; sideways bias with marginal upside and sector opportunities in focus.
735 words~3 min read
