D-Street is set for a negative opening as GIFT Nifty trades lower

Domestic markets snapped their four-session winning streak on Tuesday, with the Nifty marginally lower at 24,399 after paring early gains. Profit booking, realty and metals stocks weighed on sentiment following the recent rally. Analysts say Indian equities are expected to maintain a gradual positive bias, with investors focusing on June-quarter business updates, progress on the India-United States interim trade agreement and the southwest monsoon.

Market conditions
GIFT Nifty (earlier SGX Nifty) signals a negative start
Gift Nifty traded down 173 points or 0.71 per cent at 24,210.50 on NSE IX, indicating that Dalal Street is headed for a negative start on Wednesday.

• Tech View: On the downside, immediate support is placed at 24,300. A break below this level could weaken near-term momentum. On the contrary, a sustained move above 24,400 could provide the necessary strength for the index to resume its upward trajectory.
• India VIX: The India VIX, a measure of fear in markets, settled down 1.44% at 11.65.

The S&P 500 is lower
The S&P 500 ended lower on Tuesday as losses in Micron Technology and other chipmakers weighed on growing doubts about the sustainability of Wall Street’s AI-driven rally. Chip stocks in Asia and the United States fell after memory chip giant Samsung Electronics’ blowout earnings report failed to satisfy investors with sky-high expectations.

Asian stocks steady
Oil prices rose and Asian shares were little changed as investors assessed the implications of renewed geopolitical tensions for energy supplies and riskier assets.

• S&P 500 futures were up 0.1% as of 9:46 a.m. Tokyo time.
• Hang Seng futures rose 0.1%
• Japan’s Topix fell 0.4%
• Australia’s S&P/ASX 200 fell 1.2%
• Euro Stoxx 50 futures were little changed

Gold becomes lighter
Gold hit its lowest level in nearly a week on Wednesday, as US strikes on Iran boosted oil prices and the dollar, raising concerns that inflation could keep interest rates high for longer and weigh on non-yielding bullion.

The oil rises
Oil prices rose nearly 2% on Wednesday after the US military launched airstrikes against Iran and reimposed restrictions on crude sales, raising fears that their fragile truce was not being resolved and Middle East supplies could be disrupted again.

dollar profit
The dollar clung to its highest level of the week against most of its peers in early trading in Asia on Wednesday as the US struck anew on Iran, renewing geopolitical tensions and sending oil prices higher.

Ban stock today in F&O

1) NIL

Block period securities under the F&O segment include companies in which the security exceeds 95% of the market-wide position limit.

Rs
The Indian rupee posted its biggest single-session gain in three weeks at 94.96 on Tuesday, boosted by a surge in dollar selling in the non-deliverable forward market, which prompted traders who had bet against the currency to exit positions.

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