Dear
Trader…
India’s benchmark indexes ended Wednesday at their highest
levels in 2025, led by a rally in information technology stocks after HCL
Tech’s encouraging forecast and hopes of a de-escalation in the U.S. – China
trade war. The Nifty future ended 0.59% higher at 24,312.70 and the BSE Sensex
added 0.65% to 80116.49. The benchmarks logged their seventh straight session
of gains, their second such streak in five weeks amid bouts of inflows from
foreign investors, easing inflation and forecast for an above-average monsoon.
The possible unwinding of U.S. exceptionalism and dollar
weakness may lead to some shifts in assets from the U.S. to the rest of the
world, especially Asian equities, we think India is best positioned, as the
economic drag from tariffs is limited given India’s large domestic market, and
India may also be well-positioned to negotiate a trade deal for lower tariffs.
U.S. Treasury Secretary Scott Bessent said on Tuesday that he believed there
will be a de-escalation in U.S.-China trade tensions, which helped boost
investors’ sentiment.
Nifty futures opened at 24310 points against the previous
close of 24169 and opened at a low of 24121 points. Nifty Future closed with an
average movement of 230 points and a rise of around 143 points and 24312 points…!!
On the
NSE, the midcap 100 index will rise 1.18% and
smallcap 100 index is closing rise 0.44%. Speaking of various sectoral indices only Consumer Durables,
Private Bank, PSU Bank, Financial Services and Media stocks were seen selling
on the NSE, while all other sectoral indices closed higher.
At the
start of intra-day trading, June gold opened at Rs.96500, fell from a high of
Rs.96500 points to a low of Rs.94959 with a decline of 1520 points, a trend of
around Rs.95820 and May Silver opened at Rs.95429, fell from a high of Rs.96562
points to a low of Rs.95425 with a rise of 260 points, a trend of around Rs.96139.
Meanwhile, the continued rally in
Indian equities reflects a positive investor sentiment, bolstered by favorable
global cues and strong corporate earnings. However, market participants remain
cautious of potential geopolitical tensions and their impact on market
stability. Analysts suggest that while the current momentum is strong,
investors should stay informed about global developments that could influence
market dynamics.
Technically, the important key resistances are placed in Nifty future are at 24202 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 24272 – 24303 levels. Immediate support is placed at 24008 – 23880 levels.
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