GIFT Nifty futures hint a muted start; Asian shares dip amid global uncertainty

Indian equities ended sharply little connected Thursday, driven by the monthly F&O expiry and antagonistic planetary cues. Concerns implicit escalating tensions successful the Russia-Ukraine struggle and uncertainty surrounding the trajectory of US involvement rates, pursuing mixed economical data, weighed connected capitalist sentiment.

Pre-market trends

• GIFT Nifty: GIFT Nifty traded marginally higher by 3 points astatine 24,123, signalling a subdued commencement for home markets.

• India VIX: The volatility scale roseate 4 per cent to settee astatine 15.20, reflecting rising marketplace apprehensions.

Technical view
The Nifty continues to look absorption astir the 24,350-24,360 levels. Hrishikesh Yedve of Asit C. Mehta Investment Intermediates advised traders to follow a cautious approach, focusing connected nett booking during bounces portion awaiting a decisive breakout.

Global marketplace check

• Asia: Japanese Topix and Australia’s S&P/ASX 200 dipped 0.3 per cent and 0.6 per cent, respectively, reflecting anemic sentiment. However, Hang Seng futures roseate 0.3 percent.

• Europe: European markets rebounded, led by tech stocks, portion ostentation information remains a cardinal absorption for investors.

FII/DII activity
Foreign organization investors (FIIs) were nett sellers, offloading Rs 11,756 crore worthy of equities. Domestic organization investors (DIIs), however, provided enactment with nett purchases worthy Rs 8,178 crore.

Rupee performance
The Indian rupee weakened by 7 paise to adjacent astatine Rs 84.47 against the US dollar connected Thursday, arsenic a stronger greenback and anemic home equities exerted pressure.

Stocks successful F&O ban
No stocks are nether the F&O prohibition for today’s session.

Outlook
Muted planetary cues and heightened volatility are expected to support markets range-bound. Investors should follow a stock-specific strategy and intimately show geopolitical developments and US economical data.