GIFT Nifty futures trade 13 Points higher; markets likely to open muted
GIFT Nifty on the NSE IX was up by 13 points, or 0.06 per cent, at 23,438, indicating a subdued opening for domestic equities.
)
As investors gear up for Friday’s session, all eyes remain on Budget-related developments, sector-specific momentum, and global cues. GIFT Nifty futures suggest a flat-to-positive start, while broader market trends point to stock-specific action ahead of the Budget and ongoing Q3 earnings season.
GIFT Nifty on the NSE IX was up by 13 points, or 0.06 per cent, at 23,438, indicating a subdued opening for domestic equities. The Nifty 50 is facing resistance near the upper boundary of a falling wedge pattern and the 21-day exponential moving average (EMA), suggesting a possible retracement. Key support is placed at 23,200, with a break below this level likely to push the index toward 23,000.
Global markets mixed
U.S. stocks ended Thursday’s session higher after a volatile run, supported by strong earnings from Tesla, which helped offset Microsoft’s disappointing forecast. Asian markets, however, traded lower on Friday, with tech stocks weighing on sentiment. The S&P 500 futures rose 0.1 per cent, Japan’s Topix remained flat, while Australia’s S&P/ASX 200 climbed 0.8 per cent. Meanwhile, gold prices hit a fresh high, marking a fifth consecutive weekly gain.
FIIs turn net sellers, rupee weakens
Foreign portfolio investors (FPIs) turned net sellers on Thursday, offloading shares worth Rs 4,582 crore, while domestic institutional investors (DIIs) bought shares worth Rs 2,166 crore. The rupee depreciated by 7 paise to close at 86.62 against the U.S. dollar, weighed down by a strong dollar and the Federal Reserve’s hawkish stance.
F&O ban list
No stocks are currently under the F&O ban for today’s session, indicating a relatively stable derivatives market.
Market outlook
With key Budget announcements expected next week, the focus remains on capital expenditure and consumption-linked sectors. Analysts expect the market to trade within a broad range, with heightened stock-specific movements in the near term. Additionally, movement in global markets, foreign investor activity, and sectoral trends will play a key role in shaping domestic sentiment.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

No penalty for early loan repayment? Key takeaways from RBI's new foreclosure guidelines for lenders

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

New Tax Regime Calculations: Is your annual income Rs 12,76,000? Will you be taxed on Rs 1,000, or Rs 12,76,000 in proposed new tax regime? Know rules

SIP Calculation at 12% Annualised Return: Rs 1,000 monthly SIP for 20 years, Rs 4,000 for 5 years or Rs 10,000 for 2 years, which do you think works best?
08:08 AM IST