Synopsis

The Nifty index experienced a slight decline for the second consecutive session, ending nearly flat due to investor

profit-booking after a strong rally. Global markets showed mixed sentiment, with U.S. stocks closing lower while Asian

markets saw some gains. The GIFT Nifty signals a negative opening for the Indian market.

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The benchmark index Nifty slipped for the second straight session, ending almost flat with a modest decline of 27 points

at 26,175. The index gave up about 150 points from its recent all-time high of 26,322, mainly due to profit-booking by

investors after the strong rally.

On the global front, U.S. markets were weak, with both the Dow and Nasdaq closing in the red. In contrast, sentiment in

Asian markets was mixed, with Japan’s Nikkei trading about 0.5% higher, providing some regional support.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a negative start

GIFT Nifty on the NSE IX traded lower by 26.50 points, or 0.10 per cent, at 26,333.50, signaling that Dalal Street was

headed for a negative start on Tuesday.

Tech View: Nifty has formed a bearish candle on the daily chart, suggesting a pause in the ongoing trend and the

potential for some consolidation before the next upward move.

India VIX: India VIX, which is a measure of the fear in the markets, ended flat at 11.63, signaling a trade in a narrow

range.

Live Events

Asian shares up

Asian stocks edged higher at the open, staging a tentative rebound after Monday’s selloff which saw cryptocurrencies

lead declines in global risk assets.

S&P 500 futures were little changed as of 9:34 a.m. Tokyo time

Hang Seng futures rose 0.6%

Nikkei 225 futures (OSE) rose 0.6%

Japan’s Topix rose 0.3%

Australia’s S&P/ASX 200 rose 0.2%

Euro Stoxx 50 futures were little changed

US stocks down

U.S. stocks edged lower on Monday, weighed down by a rise in Treasury yields and economic data that showed the pressure

from tariffs on the manufacturing sector, as investors looked toward the Federal Reserve's policy announcement next

week.

Dow 0.62%,

S&P 500 0.34%,

Nasdaq 0.29%

Gold slips

Gold edged lower in early Asian trading on Tuesday after it touched a six-week peak in the previous session, as

investors booked profits even as they awaited remarks by the Federal Reserve Chair and key economic data for interest

rate cut cues.

Dollar under pressure

The U.S. dollar remained under pressure on Tuesday as weaker-than-expected manufacturing activity data from the world's

biggest economy heaped pressure on the Federal Reserve to cut interest rates at its policy meeting later this month.

Oil climbs

Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks

stemming from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions. Brent crude futures

rose 14 cents, or 0.2%, to $63.31 a barrel by 0102 GMT. U.S. West Texas Intermediate crude gained 18 cents, or 0.3%, to

$59.50 a barrel.

Stocks in F&O ban today

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 institutional investors net sold shares worth Rs 1,171.31 crore on Monday. DIIs, meanwhile, were net buyers at

Rs 2,558.93 crore.

Rupee

The Indian rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a

persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with

U.S. The rupee hit a low of 89.7575 during the session before closing at 89.5475, down 0.1% on the day.

Weakness in trade and investment flows has kept the rupee under pressure this year despite India's status as the fastest

growing major economy in the world, which has helped local stock indexes rise to record highs in recent sessions.

Traders said that maturity of large positions in the NDF market hurt the rupee on Monday. However, dollar-selling

intervention by the central bank helped the currency hold above the psychologically important 90 level, they added.

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