GIFT Nifty futures signal a muted start; markets to open cautious amid global cues

Indian equities are poised for a cautious start on Monday, with the GIFT Nifty signalling mild weakness amid mixed global cues. Investors will closely monitor key economic data releases, including inflation figures from China and the U.S. and GDP updates from major economies, to gauge market direction.

GIFT Nifty on the NSE IX was down 54.25 points, or 0.22 per cent, at 24,729, indicating a subdued start for Indian markets.

India VIX:

India VIX, the volatility index, eased 2.7 per cent to 14.14, reflecting reduced market uncertainty.

Asian Shares:

Asian markets traded lower, dragged by South Korean equities, as investors awaited central bank meetings and U.S. inflation data critical for future policy moves.

Oil:

Prices showed mixed trends, balancing weak Chinese demand against geopolitical risks in the Middle East.

Currencies:

Major currencies, including the euro, held steady, with a focus on Canadian and Australian dollar movements ahead of central bank announcements.

Stocks in F&O Ban:

Granules and Manappuram remain in the ban period as market-wide position limits exceeded 95 per cent.

FII/DII Action:

FPIs sold shares worth Rs 1,830 crore, while DIIs were net buyers at Rs 1,659 crore on Friday.

Rupee:

The rupee closed almost flat at 84.64 against the U.S. dollar, maintaining stability despite global cues.