GIFT Nifty down 20 points; here's the trading setup for today's session
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Indian equities ended sharply lower on Friday on account of weak TCS numbers and cautious investor sentiment. Analysts say the lingering uncertainty around trade negotiations is likely to keep markets in a consolidation mode. Investors will now focus on key domestic macro data, including CPI and WPI inflation prints, while tracking ongoing Q1 earnings and updates on the India–US trade deal. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 20 points, or 0.08 per cent, at 25,171.50, signaling that Dalal Street was headed for muted start on Monday. Tech View: A move above 25,150-25,160 in the initial trading hour could trigger a rally towards 25,250 and 25,400. On the downside, support is placed at 25,090 and 24,900. India VIX: India VIX, which is a measure of the fear in the markets, rose 1.2% to settle at 11.82 levels. US stocks close lower Wall Street closed lower on Friday...