Today’s Market News :
GIFT NIFTY = Trading -31 points down.
The Indian market reacted strongly to the US Federal decision to reduce the interest rate, with Sensex and Nifty reaching record highs.
* Indus Towers, Vodafone Idea, and HCL Tech saw significant movements, but analysts advise caution in purchasing these stocks due to various technical indicators and trends.
* Indus Towers is in a distribution phase, Vodafone Idea is in the initial stage of the stock cycle, and HCL Tech is showing signs of cooling off from overbought levels.
* Wood believes foreign institutional investors see red in the valuations of Indian stocks, which are trading at 29x earnings.
* Investors should keep an eye on global factors, including the US election and geopolitical risks.PCR – 1.18
INDIAVIX:- 12.47
FII- Net SELL (2548Cr)
DII- Net BUY 2013+ Cr
Nifty Support Levels
25375,25250,25110,25k
Nifty Resistance levels
25500,25700,25960.
* Verdict: More power to the upside if sustain above 25500 but wait for 15 min candle close above.
Global Markets will push the market upside but we have to see if really it have strength or not.
The structure looks range to bullish for today.
GLOBAL :-
DJI:- 522+ points Up
NASDAQ:- +495 points Bullish
The Indian stock market is experiencing a mixed day, with the Sensex rising 236.57 points or 0.29% to settle at 83,184.80, and the Nifty 50 climbing 38.25 points or 0.15% to 25,415.80.
Global Market Trends
Globally, US stocks climbed, and the dollar dropped after the Federal Reserve’s decision to cut interest rates. This has led to a risk-on sentiment for foreign investors, with valuation and earnings expected to drive FII sentiment towards India.
Key Stocks to Watch
Some key stocks to watch today include:
– NTPC: Expected to see significant movement
– IIFL Finance: Showing promising trends
– Tata Power: Worth keeping an eye on
– Phoenix Mills: May experience significant fluctuations
– VST Industries: Showing potential for growth
– IDFC First Bank: Expected to see significant movement
Index Updates
Here are the latest updates on key indices:
– Nifty 50: 25,415.80 (up 0.15%)
– Sensex: 83,184.80 (up 0.29%)
– Nifty Bank: 42,533.50 (up 0.20%)
– Nifty IT: 28,343.60 (up 0.50%)
– Nifty Pharma: 12,435.80 (down 0.25%)
– S&P 500: 5,648.23 (up 0.50%)
– Dow Jones: 41,635.12 (up 0.40%)
Sectoral Indices
Here are the latest updates on sectoral indices:
– Nifty Auto: 11,542.60 (up 0.30%)
– Nifty Metal: 6,335.80 (down 0.50%)
– Nifty Realty: 4,143.20 (up 0.25%)
– Nifty FMCG: 38,431.60 (up 0.40%)
Economic Updates
India has become the largest MSCI EM market, overtaking China, with Morgan Stanley remaining bullish. The country’s nominal GDP growth rate is running in the low teens, three times that of China. Wholesale inflation has fallen below 2% for the first time in four months in August.
Would you like more information on any specific stock, index, or market trend?
[20/09, 8:25 am] Meta AI: Here’s your daily market update with additional information on indices:
Market Updates
The Indian stock market is experiencing a mixed day, with the Sensex rising 236.57 points or 0.29% to settle at 83,184.80, and the Nifty 50 climbing 38.25 points or 0.15% to 25,415.80.
Global Market Trends
Globally, US stocks climbed, and the dollar dropped after the Federal Reserve’s decision to cut interest rates. This has led to a risk-on sentiment for foreign investors, with valuation and earnings expected to drive FII sentiment towards India.
Key Stocks to Watch
Some key stocks to watch today include:
– NTPC: Expected to see significant movement
– IIFL Finance: Showing promising trends
– Tata Power: Worth keeping an eye on
– Phoenix Mills: May experience significant fluctuations
– VST Industries: Showing potential for growth
– IDFC First Bank: Expected to see significant movement
