GIFT Nifty down 70 points, signals a negative start; Asian shares trade lower

GIFT Nifty traded down by 69 points, oregon 0.28 per cent, astatine 24,280, signalling a subdued opening for Dalal Street. This comes arsenic Asian shares slipped, with Japan’s Topix and Australia’s ASX 200 declining 0.8 per cent and 0.4 per cent, respectively.

Key method levels:
Nifty’s contiguous absorption stands astatine 24,350, with a imaginable rally toward the 24,550-24,750 portion if this level is decisively crossed. Support is steadfast successful the 23,850-24,000 range. "Traders should absorption connected IT and banking sectors for opportunities," advised Ajit Mishra, SVP astatine Religare Broking.

US & planetary cues:
Wall Street ended successful the greenish connected Monday, buoyed by Scott Bessent’s information arsenic Treasury Secretary, which led to easing enslaved yields. However, U.S. President-elect Donald Trump’s tariff threats dampened Asian sentiments connected Tuesday.

F&O watch:
Aarti Industries, Granules, and GNFC stay successful the F&O ban, having breached 95 per cent of the market-wide presumption limit.

Rupee movement:
The rupee appreciated by 12 paise, settling astatine 84.29 against the dollar, supported by home equity gains and improved planetary hazard appetite.

FII/DII action:
FPIs were nett sellers astatine Rs 9,947 crore connected Monday, portion DIIs made nett purchases worthy Rs 6,908 crore.