![Nifty](https://img.etimg.com/thumb/msid-111822390,width-210,height-158,imgsize-62754,resizemode-75/nifty.jpg)
"With the nearing of a major event – Union Budget, we expect anxiety to increase in the market. Along with this Q1FY25 earnings results of prominent companies will drive the stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a flat start
Nifty futures on the Gift Nifty traded 30 pts lower at 24,669.
Tech View
The near-term uptrend of Nifty remains intact. Though, Nifty is consolidating at the higher levels, still there is no confirmation of any significant reversal pattern building at the highs. Further up move from here could pull Nifty towards 24900 levels in the next week. Immediate support is at 24,450 levels, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, rose 0.25% to settle at 14.22 levels.
Global Markets
- S&P 500 futures rose 0.2% as of 9:05 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Japan’s Topix fell 1.4%
- Australia’s S&P/ASX 200 fell 0.1%
- Euro Stoxx 50 futures fell 1.1%
- The euro was unchanged at $1.0939
- The Japanese yen rose 0.3% to 155.76 per dollar
- The offshore yuan was little changed at 7.2681 per dollar
Oil rises
Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks.
Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16.
Stocks in F&O ban today
1) GMR Infra
2) Hindustan Copper
3) PEL
4) GNFC
5) Chambal Fertilisers
6) Balrampur Chini Mills
7) RBL Bank
8) Vedanta
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 turned net buyers at Rs 1,271 crore on Tuesday. DIIs sold shares worth Rs 529 crore.
Rupee
The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 against the US dollar on Tuesday, on firm domestic markets and sustained inflow of foreign capital.
FII data
The net long of FIIs reduced from Rs 3.47 lakh crore on Friday to Rs 3.47 lakh crore on Tuesday.
Q1 results
Infosys, Tata Technologies, Polycab among 36 companies will announce their first quarter results on Thursday.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price