Pre-market action: Here's the trade setup for today's session

Nifty opened with a gap-down start on Thursday and continued to drift lower throughout the session, ending the day on a negative note. Going forward, analysts say immediate support is placed around 25,800, followed by 25,700. A breakdown below these levels could trigger extended downside pressure in the near term.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 27.50 points, or 0.11 per cent, at 26,050, signaling that Dalal Street was headed for a positive start on Friday.

• Tech View: On Friday, if Nifty sustains below 25,900–25,950, it may test 25,800 or lower. On the other hand, a decisive move above 25,950 could provide much-needed strength to the bulls.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 0.8% to settle at 12.07 levels.

US stocks end lower

Wall Street's three major indexes lost ground on Thursday with the Nasdaq Composite and the S&P 500 leading losses as Meta and Microsoft shares tumbled on worries over surging AI spending, while investors also digested a more hawkish tone from the U.S. Federal Reserve.

• Dow down 0.23%,
• S&P 500 dips 0.99%,
• Nasdaq falls 1.57%

Asian shares up

Asian shares, US equity-index futures rose after strong earnings from Amazon.com Inc. and Apple Inc. spurred a post-market tech rally, lifting sentiment following a sharp selloff in the prior session.

• S&P 500 futures rose 0.6% as of 9:21 a.m. Tokyo time
• Hang Seng futures fell 0.3%
• Japan’s Topix rose 1%
• Australia’s S&P/ASX 200 rose 0.4%
• Euro Stoxx 50 futures were little changed

Oil eases

Oil prices eased on Friday, heading for a third straight monthly decline, as a stronger dollar capped commodities gains while rising supply from major producers globally offset the impact of Western sanctions on Russian exports.

Dollar rises

The U.S. dollar held its ground in early Asian trade on Friday after reaching a three-month high as traders processed mixed signals from this week's central bank decisions, tech sector earnings and a tentative U.S.-China tariff truce.

Stocks in F&O ban today



1) Samman Capital

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action

Foreign portfolio investors net sold shares worth Rs 3,077 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 2,469 crore.

Rupee

The rupee depreciated 47 paise to close at 88.69 against the American currency on Thursday on a strong US dollar, weak domestic markets, and a hawkish US Fed.