GIFT Nifty up 100 points; here's the trading setup for today's session

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Indian equities have witnessed a sharp correction in 2026 amid heightened global volatility and uncertainties, leading to significant erosion in market value across segments. While Nifty has declined over 11% since the beginning of the year Nifty Midcap and Smallcap indices are down by around 10% each.

Analysts say market volatility is expected to persist in the near term as geopolitical tensions in West Asia continue to disrupt the energy sector and push crude oil prices higher, while uncertainty around shipping routes through the Strait of Hormuz keeps risk sentiment fragile. Any meaningful de-escalation in the conflict involving Iran, Israel and the US could provide relief and support a recovery in equities, while further escalation may keep markets under pressure.


STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 99 points, or 0.42 per cent, at 23,302, signaling that Dalal Street was headed for a positive start on Monday.
  • Tech View: In the short term, the trend might continue to remain weak, with any rise being sold into. On the lower end, the index might fall towards 23000/22800, while on the higher end resistance is placed at 23400.
  • India VIX: India VIX, which is a measure of the fear in the markets, rose 5.2% to settle at 22.64 levels.

US stocks end lower
U.S. stocks closed lower on Friday, capping a volatile week in which sharp swings in crude oil prices repeatedly rattled equity markets. Investors remained focused on how the ongoing war in Iran could disrupt global energy supplies, with the conflict fuelling uncertainty over oil flows and inflation risks.

Asian shares up
Asian stocks advanced after oil erased its earlier gains as markets attempted to stabilize following the US strike on Iran’s main export hub. The dollar also weakened.
  • S&P 500 futures rose 0.4% as of 9:14 a.m. Tokyo time
  • Japan’s Topix was little changed
  • Australia’s S&P/ASX 200 fell 0.2%
  • Euro Stoxx 50 futures fell 0.5%

Oil slips
Oil prices slipped on Monday, paring early gains after U.S. President Donald Trump called on other countries to help safeguard the Strait of Hormuz, a vital artery for global oil and gas ‌shipments.Gold steady
 Gold prices were steady on Monday after paring a near 1% fall earlier in the session, as a softer dollar helped offset waning hopes of near-term U.S. interest-rate cuts due to elevated energy prices.

Dollar rises
 The dollar held near a 10-month high on Monday in a tentative start to the week, as investors braced for a slew of central bank meetings under the shadow of the U.S.-Israel war on Iran.

Stocks in F&O ban today

Samman Capital
SAIL

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 10,716 crore on Friday. DIIs, meanwhile, were net buyers at Rs 9977 crore.

Rupee
The rupee pared some losses and closed the session 5 paise down at a fresh record low of 92.30 against the US dollar on Friday, with crude oil prices stabilising around USD 100/barrel, even as global sentiment stayed volatile due to the West Asia crisis.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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