GIFT Nifty up 80 points; here's the trading setup for today's session

Equity indices ended on a flat note on Friday, supported by positive global cues and buying in auto stocks. Analysts say while external headwinds from global trade uncertainties and tariff hikes remain a key risk, the combination of a simplified GST framework and positive domestic macros would underpin market momentum 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 82 points, or 0.33 per cent, at 24,907.50, signaling that Dalal Street was headed for a positive start on Monday.

• Tech View: Momentum may pick up once Nifty moves decisively above 24,750. In that case, it might move towards 25,150 to 25,250 in the short term, while on the lower end, we have support at 24,500."
• India VIX: India VIX, which is a measure of the fear in the markets, fell 0.67% to settle at 10.78 levels.

US stocks end lower
US stocks ended slightly lower on Friday as investors weighed economic worries against optimism over interest rate cuts by the Federal Reserve after data showed U.S. job growth weakened sharply in August.

Asian shares rise
Asian stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for rate cuts this month, while the yen fell as investors girded for uncertainty in Japan following the resignation of Prime Minister Shigeru Ishiba

• S&P 500 futures rose 0.3% as of 9:08 a.m. Tokyo time
• Japan’s Topix rose 0.7%
• Australia’s S&P/ASX 200 fell 0.2%

Oil climbs
Oil prices climbed on Monday in early trade, trimming some of last week's losses, after OPEC+ agreed over the weekend to raise output at a slower pace from October on expectations of weaker global demand.

Stocks in F&O ban today

1) RBL Bank

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 1,304 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1,821 crore.

Rupee
The rupee touched its lowest level but pared all losses before ending 3 paise higher at Rs 88.09 against the US dollar on Friday amid sustained outflow of foreign funds and renewed concern over additional US tariffs on Indian IT sector exports.

FII Data
The position of FIIs in the futures market increased from a net short of Rs 1.88 lakh crore on Thursday to Rs 1.91 lakh crore on Friday.