GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session

Domestic markets closed unchanged as investors brace for earnings season. Analysts predict a consolidation phase with stable input prices. Global markets show mixed movements. Foreign investors turn net buyers. Rupee ends slightly lower against the US dollar.

traded in a narrow range to close little changed on Monday. Analysts said markets are turning to a consolidation phase due to the absence of major triggers to support the current premium valuation in the near term, prompting investors to book some profits.

"The is around the corner, and the initial expectation is subdued. With stable input prices and ongoing price cuts, the period of margin expansion appears to be concluding, which is likely to affect earnings and valuations,” said Vinod Nair, Head of Research, .

Here's breaking down the pre-market actions:

STATE OF THE MARKETS
(Earlier SGX Nifty) signals a flat start.

on the Gift Nifty traded 2o pts lower at 24,382.

Tech View
A sustainable move above the key hurdle of 24400 levels could open a sharp upmove for the market ahead, said Nagaraj Shetti of HDFC Securities.

India VIX, which is a measure of the fear in the markets, rose 7% to settle at 13.60 levels.

Global Markets

S&P 500 futures rose 0.2% as of 9:16 a.m. Tokyo time
Hang Seng futures fell 0.3%
Japan’s Topix rose 0.3%
Australia’s S&P/ASX 200 rose 0.6%
Euro Stoxx 50 futures were little changed

Forex News

The euro was little changed at $1.0833
The Japanese yen was little changed at 160.79 per dollar
The offshore yuan was little changed at 7.2868 per dollar

Stocks in F&O ban today

1) India Cements

2) Hindustan Copper

3) ABFRL

4) Bandhan Bank

5) PEL

6) GNFC

7) Chambal Fertilisers

8) Indus Tower

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

Foreign portfolio investors turned net buyers at Rs 60.98 crore on Monday. DIIs too bought shares worth Rs 2,866 crore.

Rupee
The rupee pared initial gains to settle 1 paisa lower at 83.50 against the US dollar on Monday, as muted domestic equities weighed on investor sentiments.

FII data
The net long of FIIs reduced from Rs 3.84 lakh crore on Friday to Rs 3.77 lakh crore on Monday.

Source: Stocks-Markets-Economic Times