GIFT Nifty signals muted start as investors await RBI policy decision

Market temper cautious up of MPC outcome

Indian equities closed little connected Thursday, with the Nifty settling astatine 23,603, arsenic investors treaded cautiously up of the Reserve Bank of India’s (RBI) monetary argumentation decision scheduled for Friday. While a 25 ground constituent complaint cut appears mostly priced in, the policy stance connected ostentation and economical growth volition beryllium cardinal successful determining marketplace direction.

GIFT Nifty hints astatine a level opening

GIFT Nifty, formerly known arsenic SGX Nifty, traded 23.50 points higher astatine 23,716.50, indicating a muted opening for the Indian markets connected Friday. Traders stay cautious amid global uncertainty and corporate earnings influencing sentiment.

Technical view: Nifty apt to find enactment astatine 23,450

Despite caller weakness, method experts judge that Nifty’s near-term uptrend remains intact. Nagaraj Shetti of HDFC Securities suggests that a imaginable downside successful Nifty could beryllium constricted to 23,500-23,450, with an expected rebound from those levels. A break supra 23,800 could trigger a caller rally.

Global markets: Mixed trends dominate

US markets

Wall Street had a mixed league connected Thursday arsenic investors navigated done firm net and awaited the US jobs report.

• Dow Jones: -0.28%
• S&P 500: +0.36%
• Nasdaq: +0.51%

Asian markets

Asian equities traded successful antagonistic territory, reflecting a cautious temper up of cardinal economic data from the US.

• Hang Seng futures: -0.1%
• S&P/ASX 200: -0.1%

India VIX inches higher

The India VIX, a gauge of marketplace volatility, rose 0.6% to 14.18, indicating a flimsy summation successful marketplace uncertainty.

Rupee hits caller debased amid complaint chopped bets

The Indian rupee weakened by 14 paise to adjacent astatine 87.57 per US dollar, hitting an all-time low. Growing expectations of an RBI complaint cut person weighed connected the currency.

FII/DII activity

Foreign Institutional Investors (FIIs) remained nett sellers, offloading Rs 3,549 crore worthy of equities connected Thursday. Domestic Institutional Investors (DIIs) stepped in, purchasing Rs 2,721 crore worthy of stocks.

Outlook for today

With a muted start connected the cards, each eyes volition beryllium connected the RBI’s argumentation statement and its commentary connected growth and inflation. Additionally, marketplace participants volition show corporate earnings, global cues, and FII flows for further direction.