GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session

Equity markets extended gains on Thursday, marking a fresh 2025 high of 25,565 during the session. Analysts expect the market momentum to continue with Nifty likely to move upwards towards its previous life highs driven by healthy domestic macros and supportive global environment.

STATE OF THE MARKETS

Gift Nifty (Earlier SGX Nifty) signals a positive start.

Nifty futures on the Gift Nifty traded 108 points higher at 25,718.

Tech View: With no major resistance until the 25,700–25,750 zone, analysts expect this rally to extend by another 150–200 points on the upside. On the downside, support is seen around 25,300–25,350.

India VIX: India VIX, which is a measure of the fear in the markets, fell 3% to settle at 12.59 levels.

Global Markets

• S&P 500 futures were little changed as of 9:18 a.m. Tokyo time
• Hang Seng futures were little changed
• Japan’s Topix rose 0.9%
• Australia’s S&P/ASX 200 rose 0.6%
• Euro Stoxx 50 futures fell 0.2%

US equities
Wall Street closed higher on Thursday, nudging the S&P 500 and the Nasdaq nearer to record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the U.S. Federal Reserve lowering borrowing costs this year.

All three major U.S. stock indexes advanced in a broad rally which placed them on track for weekly gains.

Forex News

• The euro was little changed at $1.1697
• The Japanese yen fell 0.1% to 144.63 per dollar
• The offshore yuan was little changed at 7.1656 per dollar
• The Australian dollar was little changed at $0.6552

Oil rises
Oil was set to fall this week with the Iran-Israel ceasefire holding and easing concerns over Middle East supply risks, although prices rose on Friday as the summer driving season ramped up fuel demand in the United States.

Brent crude futures rose 34 cents, or 0.5%, to $68.07 a barrel by 0111 GMT. U.S. West Texas Intermediate crude gained 33 cents, or 0.51%, to $65.57 a barrel.

Stocks in F&O ban today

NIL

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 bought shares worth Rs 12,594 crore on Thursday. DIIs, meanwhile, were net sellers at Rs 195 crore.

Rupee
The rupee rose 36 paise to close at 85.72 against the US dollar on Thursday on the back of a sharp drop in the greenback and a strong show in the domestic equity markets amid rise in risk appetite.

FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.06 lakh crore on Wednesday to Rs 34,967 crore.