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[hfe_template id='11223'] [ad_1] Indian benchmark indices ended with weekly declines of 1.4% amid growing tension between India and Pakistan. But a Saturday peace breakthrough between the two countries could calm the markets when they resume trade on Monday. A host of other important domestic and global events lined-up during the week, are also likely to impact the D-Street. On Friday, Nifty declined 265.80 points or 1.1% to end the day at 24,008. Selling pressure was across sectors but more prominent in private banks, realty and energy stocks. "Following a period of consolidation, Indian equity benchmarks experienced a sharp correction amid escalating geopolitical tensions between India and Pakistan, which fueled market volatility and triggered a shift toward risk-off sentiment. Geopolitical developments, particularly the ongoing tensions with Pakistan, will continue to remain in focus," Ajit Mishra, Senior Vice President, Research, Religare Broking said. Mark...

[hfe_template id='11223'] [ad_1] The Nifty 50 on Friday slipped below the critical support level of 22,800, touching a low of 22,720 before closing at 22,795.90. The metals sector was the sole gainer, driven by optimism over potential tariffs aimed at protecting domestic producers from China’s dumping practices and better earnings. In contrast, Auto, Pharma, and Healthcare indices declined nearly 2%. Pharma stocks suffered a sharp sell-off following Trump’s unexpected tariff announcement on pharmaceuticals. Additionally, the auto sector remained under pressure due to concerns over slowing demand, as highlighted in the Society of Indian Automobile Manufacturers’ (SIAM) report. The benchmark BSE Sensex shed 424.90 points or 0.56% to close at 75,311.06, while the broader Nifty 50 index closed at 22,795.90, lower by 117.25 points or 0.51%. “With the key support level of 22,800 breached, the downward trend may persist. The next critical support level to watch is 22,500, while...

[hfe_template id='11223'] [ad_1] After gaining around 1.5% last week, Nifty is now approaching a significant milestone of 26,000 amid heavy buying by FIIs in the wake of an outsized rate cut of 50 basis points by the US Fed. The rally will depend on continued strength in banking and financial heavyweights, which have been leading the market's upward trajectory, Ajit Mishra of Religare Broking said. The broad trend remains strongly positive, with the Fed signaling a data-driven approach, which supports the "buy on dips" strategy in the market, analysts say. "We have seen a sectorial rotation among investors to large caps, especially in consumption, staples, auto, finance, and realty. In the short term, investors are being cautious on export-oriented sectors like pharma and IT due to depreciation in the dollar," said Vinod Nair of Geojit Financial Services. Also read | S Naren shares his value investing mantra after turning Rs 10 lakh to Rs 5 crore ...

[hfe_template id='11223'] [ad_1] The US economic surprises are now the most negative since 2015. Month-on-month CPI print at -0.1% is the lowest in four years. Fed members have been reiterating that they want to be more confident about inflation reaching the 2% target and the latest June inflation print should help in that regard. Deceleration in sequential core services momentum is a positive. Latest jobs report also showed that the unemployment rate crossed 4% for the first time since November'21. Other high frequency indicators pertaining to housing, retail sales and industrial activity have also been softening. As we move lower and to the right in the Phillips curve, we could see the Fed narrative shift. The market implied probability of a cut in September stands at 90%, compared with 50% a month ago. Markets are pricing in 2.5 cuts by the end of 2024. We believe cutting rates in a stepwise manner while monitoring how the economy evolves would be a better approac...

[hfe_template id='11223'] [ad_1] Nifty ended the week with 3.6% gains that saw two big events – the mother-of-all election results and the Reserve Bank of India (RBI) monetary policy. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. Pravesh Gour, Senior Technical Analyst at Swastika Investmart, now focuses on global factors including the US Central Bank's Federal Open Market Committee (FOMC) meeting, and the rupee’s movement against the dollar crude oil and commodity prices. Additionally, investments by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will remain under close observation, he added. Factors that are likely to impact movement when markets reopen this week: 1) Fed FOMC While it is unlikely the US Central Bank will cut the rate when its Federal Open Market Committee (FOMC) meets this week on June 11 & 12, the Street...

[hfe_template id='11223'] [ad_1] Equity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets. "We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 124 points, or 0.56 per cent, at 22,383.50, signaling that Dalal Street was headed for positive start on Thursday. Tech View: A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term. Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC...

[hfe_template id='11223'] [ad_1] Domestic markets closed flat on Wednesday as consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. "We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," 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 muted start GIFT Nifty on the NSE IX traded lower by 12 points, or 0.05 per cent, at 22,376, signaling that Dalal Street was headed for muted start on Thursday. Tech View: The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22200 levels. Confirmation of reversal from here could open short-term upside bounce in the market. Immediate support is at 22200 levels and the next overhead resistance is at 22500 levels, Nagaraj Shetti of HDFC Securiti...