Domestic markets remained subdued for a second consecutive day, closing with minor losses on Wednesday. Analysts expect the market to remain in a consolidation phase with selective buying, as investors weigh upcoming data and global developments.

GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 102 points, or 0.66 per cent, at 24,902, signaling that Dalal Street was headed for positive start on Thursday.

US stocks close lower

U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and shares of chip designers fell in late trading.

◦ Dow down 0.6%,

◦ S&P 500 dips 0.6%,

◦ Nasdag falls 0.5%

Asian shares climb

Asian shares and Wall Street futures climbed in Asia on Thursday after a U.S. federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect, sending the dollar up on safe haven currencies.

◦ S&P 500 futures rose 1.4% as of 9:08 a.m. Tokyo time

◦ Hang Seng futures fell 0.5%

◦ Japan's Topix rose 0.7%

◦ Australia's S&P/ASX 200 rose 0.1%

◦ Euro Stoxx 50 futures fell 0.9%

Dollar rallies

The U.S. dollar rallied sharply on Thursday after a court blocked President Donald Trump from imposing his so-called Liberation Day import tariffs, with the currency surging against the euro, yen and Swiss franc in particular

Oil climbs

Oil prices rose on Thursday after a U.S.court blocked President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July.

Gold dips

Gold hit a more than one-week low on Thursday, as the dollar rallied and risk sentiment improved after a U.S. federal court blocked President Donald Trump's “Liberation Day” tariffs from going into effect.

Stocks in F&O ban today

1) RBL Bank

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 bought shares worth Rs 4,663 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 7,912 crore.

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