Last week was marked by volatility as the domestic market closed near its peak. Analysts said with a few definitive signals this week, market focus remains on the trajectory of the dollar index and US bond yields.

“Heightened crude oil prices pose a potential risk, although prevailing bullish sentiment largely overshadows negative developments. Additionally, attention is directed towards the recent RBI policy and US FOMC meeting minutes,” said Santosh Meena, Head of Research, Swastika Investmart.

Here’s breaking down the pre-market actions:

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 44 points, or 0.20 per cent, at 22,156.50, signaling that Dalal Street was headed for positive start on Monday.

• Tech View: The short term moving averages are below the price action and should continue to support the indices on every decline. 22,000 is an immediate support to watch while the bigger area of support stands at 21,800-850. On the higher side, the crucial resistance zone is at 21,125-150 levels (ATH levels), said Rahul Sharma of BlinkX.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 0.016% to settle at 15.22 levels.

US stocks end lower
U.S. stocks fell on Friday with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve.

• S&P 500 down 0.48%,
• Dow dips 0.38%,
• Nasdaq drops 0.82%

Asian shares mixed
Asian shares traded mixed at the start after Wall Street slumped on Friday amid signs US inflation is stickier than expected. Chinese stocks are poised for a strong open after a week-long holiday.

• S&P 500 futures were little changed as of 8:18 a.m. Tokyo time. The S&P 500 fell 0.5% on Friday
• Nasdaq 100 futures rose 0.2%. The Nasdaq 100 fell 0.9%
• Japan’s Topix index rose 0.2%
• Australia’s S&P/ASX Index 200 rose 0.2%
• Hong Kong’s Hang Seng futures rose 0.1%

Stocks in F&O ban today

1) Hindustan Copper

2) India Cements

3) Indus Tower

4) Canara Bank

5) ZEE

6) Ashok Leyland

7) ABFRL

8) Balrampur Chini Mills

9) Delta Corp

10) SAIL

11) Nalco

12) Bandhan Bank

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 bought shares worth Rs 253 crore on Friday. DIIs too were net buyers at Rs 1571 crore.

Rupee
The rupee rose 4 paise to settle at 83.01 against the US dollar on Friday, amid positive sentiment in the domestic equity markets and softening crude oil prices.

FII data
The net short of FIIs reduced from Rs 75,198 crore on Thursday to Rs 68,790 crore on Friday.

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