GIFT Nifty down 70 points; here's the trading setup for today's session
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Indian benchmarks snapped two-day losing streak on Monday, led by gains in banking stocks. Analysts expect markets to remain sideways with a marginal positive bias, taking cues from the upcoming Infosys' AI-focused investor meet and the ongoing India AI Impact Summit, which could provide direction for tech stocks. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 69.5 points, or 0.27 per cent, at 25,632, signaling that Dalal Street was headed for a negative start on Tuesday. Tech View: If the Nifty holds above 25,600 till the close, the uptrend may continue in the near term. On the higher side, it could move towards 25,800 and above. However, a fall below 25,500 may reactivate bearishness in the market. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.2% to settle at 13.33 levels. Asian stocks gain Asian stocks posted a modest gain on Tuesd...