GIFT Nifty up 200 points; here's the trading setup for today's session

Markets made a partial recovery from the sharp morning losses amid escalation in geopolitical tensions, following US airstrikes on Iranian nuclear facilities over the weekend. Overall, analysts expect Indian Equities to remain in consolidation mode, with investors closely tracking development on the global geopolitical front.

Global shares surged and the dollar weakened following reports of a ceasefire agreement between Iran and Israel, brokered by U.S. President Trump. Oil prices plummeted as concerns over supply disruptions eased, boosting risk assets. The yen and euro gained due to their reliance on oil imports, while U.S. Treasury yields rose slightly amid shifting expectations for Federal Reserve rate cuts

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a gap-up start
GIFT Nifty on the NSE IX traded higher by 201.50 points, or 0.81 per cent, at 25,179.50, signaling that Dalal Street was headed for gap-up start on Tuesday.

• Tech View: Indian equities may continue to offer buying opportunities as long as the Nifty sustains above this level. On the higher side, if it moves above 25,000, it may head towards 25,350 in the short term.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.7% to settle at 14.05 levels.

US stocks end higher
Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset uncertainty about escalating turmoil in the Middle East.

Asian shares gain
Oil slumped and stocks rallied after President Donald Trump announced Israel and Iran had agreed to a ceasefire, spurring optimism the worst of the Middle East conflict is over.

• S&P 500 futures rose 0.5% as of 9:48 a.m. Tokyo time
• Hang Seng futures rose 0.3%
• Nikkei 225 futures (OSE) rose 0.8%
• Japan’s Topix rose 0.8%
• Australia’s S&P/ASX 200 rose 1.1%
• Euro Stoxx 50 futures rose 1%

Oil tumbles
Oil prices tumbled on Tuesday to their lowest level in more than a week as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.

Gold slips
Gold hit a near two-week low on Tuesday after U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire to end their 12-day conflict, reducing safe-haven demand for the metal.

Dollar falls
The dollar fell on Tuesday while the Australian and New Zealand dollars rose after U.S. President Donald Trump announced a ceasefire between Israel and Iran, in news that sent investors cheering and sparked a risk rally across markets.

Stocks in F&O ban today
RBL Bank

Biocon

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 1,874 crore on Friday. DIIs, meanwhile, were net bought at Rs 5,592 crore.

Rupee
The rupee plunged 23 paise to close at a five-month low of 86.78 against the US dollar on Monday amid a strengthening greenback and volatile crude oil prices following the US strike on Iran's nuclear facilities.

FII data
The position of FIIs in the futures market reduced from a net short of Rs 96962 crore on Thursday to Rs 96,368 crore on Friday.