Pre-market action: Here's the trade setup for today's session

Indian equity markets staged a strong rebound on Wednesday after eight consecutive sessions of decline. Analysts expect positive momentum to sustain on Friday, supported by an accommodative monetary policy, favourable monsoon season and festive-led boost in demand.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,939.50, signaling that Dalal Street was headed for a muted start on Friday.

• Tech View: On the derivative front, heavy put writing at 24,700–24,800 suggests a higher base, with maximum OI at 25,000. Overall, sentiment has turned positive, with support at 24,700 and resistance at 25,000–25,100.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 7% to settle at 10.29 levels.

US stocks end higher
Wall Street's three major indexes marked record closing highs with modest gains on Thursday, largely thanks to support from the technology sector, while investors cautiously monitored private labor market data on the second day of a U.S. government shutdown.

• Dow up 0.17%,
• S&P 500 rises 0.06%,
• Nasdaq gains 0.39%

Asian shares gain
Asian stocks made a modest advance at the open after optimism around artificial intelligence propelled global equities to fresh records.

• S&P 500 futures were little changed as of 9:21 a.m. Tokyo time
• Hang Seng futures fell 0.4%
• Japan’s Topix rose 0.7%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures rose 0.1%

Oil rises
Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns.

Stocks in F&O ban today

1) Samman Capital
2) 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 sold shares worth Rs 1,605 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 2,916 crore.

Rupee
The rupee recovered 9 paise from its all-time closing low to settle at 88.71 against US dollar on Wednesday, as the Central Bank in its monetary policy decision announced a host of measures to support exporters and bring stability to the domestic unit.