Today Share Market Update and GIFT Nifty Analysis
Share Market Update and GIFT Nifty Analysis
The Indian stock market is set for a gap-up opening today, with GIFT Nifty trading higher by around 468–525 points This suggests a strong start for Sensex and Nifty following a volatile previous week.
Key Market Trends
Global Influence. Asian markets are trading in the green, with Nikkei 225, KOSPI, and S&P/ASX 200 showing gains.
Domestic Triggers: Investors are closely watching Q4 earnings reports from major companies like Tata Steel, SRF, UPL, Cipla, GAIL India, and Hero Motocorp
Technical Indicators: The Put-Call Ratio (PCR) has slipped from 0.85 to 0.73, indicating growing caution among traders. Resistance is seen in the 24,200–24,250 range, while 24,000 remains a key support level.
Foreign Institutional Investors (FIIs): FIIs have infused ₹48,533 crores into Indian equities over the last 16 trading days, showing strong confidence in the market.
GIFT Nifty Insights
Current Level: Trading around 24,590.50, up 525 points (2.20%).
Market Sentiment: Investors are optimistic following easing India-Pakistan tensions, which had weighed on markets last week.
Global Cues: Wall Street futures are rising, and US-China trade talks have shown progress, boosting investor confidence.
Overview
The market is expected to remain volatile, with earnings reports, inflation data, and geopolitical developments playing a crucial role. Traders should watch 24,000 as a key support level and 24,250 as resistance for Nifty.
References: – Business today/MNS, Moneycontrol.
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