Gift Nifty Signals Positive Start: Today's Trading Setup

Benchmark indices corrected sharply on Wednesday as the Nifty ended 353 points lower, while the Sensex was down by 1066 points. Analysts say although the intraday market texture is weak, it is oversold. Hence, one quick pullback rally from the lower levels cannot be ruled out. STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive start Nifty futures on the Gift Nifty traded 40 pts higher at 25,300 on Wednesday. Tech View: On the downside, a break below 25,100 could accelerate the fall towards the 24,800 levels. Further adding to the cautious undertone, India VIX jumped 7% to close at 12.70, indicating heightened market uncertainty. Live Events India VIX: India VIX, which is a measure of the fear in the markets, rose 7.6% to settle at 12.73 levels. Global Markets Asian equities fell on Wednesday, mirroring losses on Wall Street as escalating US–Europe trade tensions over Greenland and volatility in bond markets unnerved investors. Gold climbed to a new record high. S&P 500 futures rose 0.1% as of 9:08 a.m. Tokyo time Hang Seng futures fell 0.5% Japan’s Topix fell 1.4% Australia’s S&P/ASX 200 fell 0.4% Euro Stoxx 50 futures fell 0.5% US Markets All three major Wall Street indexes posted their steepest single-day declines in three months on Tuesday, as a broad selloff was sparked by worries that President Donald Trump’s fresh tariff threats against Europe could reignite market volatility. Forex Watch The euro was little changed at $1.1723 The Japanese yen was little changed at 158.20 per dollar The offshore yuan was little changed at 6.9554 per dollar The Australian dollar was little changed at $0.6731 Oil falls West Texas Intermediate crude prices declined on Wednesday as concerns over geopolitical tensions and an anticipated rise in U.S. crude inventories overshadowed a temporary production halt at two major oilfields in Kazakhstan. WTI for March slipped 79 cents, or 1.31%, to $59.57 a barrel at 0008 GMT, after gaining 90 cents, or 1.51%, in the previous session. Stocks in F&O ban today 1. SAIL 2. Sammaan Capital 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 sold shares worth Rs 2,938 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 3,666 crore. Rupee The rupee depreciated 7 paise to close at a record low of 90.97 against the US dollar on Tuesday, as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (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) (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 Fly91’s bumpy climb mirrors why genuine airline startups struggle in India Indian IT finally stops window-shopping and heads to the M&A checkout Can this IPO-bound company step out of Flipkart’s shadow? FOMO or geopolitical safety net: What’s fuelling the gold ETF rush? Stock Radar: Tech Mahindra stock hits fresh 52-week high; time to buy or book profits? These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25% 1 2 3