The market may start on a cautious note today as global cues remain mixed and Gift Nifty is trading in a flat-to-negative zone. The Dollar Index has shown a slight bounce from recent lows, but overall sentiment remains range-bound.
Global & Local Sentiment
Global equities are mildly negative, with US, European, and Asian indices showing profit booking and consolidation. The Indian market is optimistic due to recent political stability, potential India-US trade deal, and better-than-expected earnings.
Gift Nifty & Dollar Index
Gift Nifty is signaling a flat-to-negative opening around 25,996.50. The Dollar Index (DXY) is trading at 99.36, showing some strength in the past month.
Important Levels to Watch: Nifty & BankNifty
The key levels to watch for Nifty and Bank Nifty are as follows: Nifty has support in the range of 25,800 to 25,900, while its resistance levels lie between 26,100 and 26,350. For Bank Nifty, support is seen between 58,000 and 58,600, and resistance is expected between 58,900 and 59,500. These levels are crucial for traders and investors as the market trend is likely to remain positive as long as Nifty and Bank Nifty hold above these critical support zones.
Stocks in News
Emcure Pharma (block deal, stake sale), Power Grid (bond issue), and HCLTech (Nvidia collaboration) are in the news. Bajaj Auto, Tata Consumer, Eicher Motors, Max Healthcare, and Maruti Suzuki are among the top gainers.
Companies Announcing Results Today
Borosil Renew and Thejo Engineering will announce their quarterly results today.
NSE Trade Ban List (F&O)
Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, and Hindustan Copper are in the F&O ban list today.
Disclaimer: Market levels and F&O ban lists may change due to high intraday volatility. Always consult your financial advisor before making investment decisions.