Stock Market Live Updates Today: Nifty50 and BSE Sensex are likely to open in green as global crude oil prices continue to fall. Market experts expect domestic equities to retain their constructive bias in the near term, aided by easing geopolitical uncertainties, renewed foreign investor interest and softer crude oil prices. Sentiment has also improved following progress on a proposed US-Iran peace accord, which is expected to be signed in Switzerland on Friday, along with hopes of a complete reopening of the Strait of Hormuz. Analysts believe the near-term trend remains favourable, though gains may be gradual with intermittent volatility.
Nifty Today Live: Bajaj Broking Bank Nifty Outlook
Index formed a doji candlestick pattern which mostly remained contained inside previous session price range signaling consolidation for the second session in a row amid stock specific action. Bank Nifty has seen a strong rally of 4800 points in the just 10 sessions, hence some consolidation cannot be ruled out in the coming sessions as we are witnessing in the last 2 sessions which is likely to extend. We expect the index to maintain overall positive bias and head towards 58,300 levels in the coming sessions being the measuring implication of the last four-week range breakout (52,700-55,500). Index sustaining above 55,500-56,000, will keep the overall bias positive and any dips should be viewed as buying opportunities. Only a decisive breach below the 55,500-support level would negate the positive outlook.
Stock Market Live Today: Oil prices drop
A sharp decline in crude oil prices on Wednesday, driven by expectations that Iranian oil exports could soon return to global markets, boosted hopes of lower inflation and pushed bond yields lower. Meanwhile, equities and currency markets remained relatively subdued as investors awaited the first Federal Reserve policy meeting under new Chair Kevin Warsh. Brent crude slipped below the $80-a-barrel mark, touching its lowest level since the early stages of the US-Iran conflict that began in March. A senior US official said Washington would lift sanctions on Iranian oil as part of the agreement aimed at ending the war, potentially paving the way for millions of additional barrels of crude to enter international markets. Government bond yields in the United States eased, with Asian debt markets following suit. Japan's 10-year bond yield declined 1.5 basis points to 2.63%, while Australia's equivalent yield fell nearly 5 basis points to 4.787%. Kim Fustier, senior oil and gas analyst at HSBC told Reuters that the markets appeared to be assigning a relatively high probability to a full restoration of oil flows through the Strait of Hormuz. However, HSBC expects the process to take until the end of September.
Sensex Today Live: ‘Positive momentum likely to continue’
“Indian equities are expected to maintain their gradual positive momentum, supported by improving geopolitical developments, a revival in foreign institutional participation and a further fall in crude oil prices. Progress towards a potential US-Iran peace agreement, reportedly scheduled for signing in Switzerland on Friday, along with expectations of the full reopening of the Strait of Hormuz, has significantly improved global sentiment. Brent crude price have declined to around USD 81.4 per barrel (-2.4%), while the rupee has appreciated 0.4 paise to ₹94.3 per US dollar, helping ease concerns around inflation and external sector stability. Further supporting sentiment, Foreign Institutional Investors reversed their recent selling trend and turned net buyers, with net equity purchases of nearly ₹200 crore. Domestic markets extended their gains on Tuesday, with the Nifty 50 closing at 23,989, up 0.57%. Broader markets also participated in the up-move, with the Nifty Midcap 100 and Nifty Smallcap 100 indices advancing 0.4% each and a sharp 6.9% decline in India VIX, indicating reduced market volatility. Sectorally, Realty, Information Technology, Media, Consumer Durables and FMCG emerged as the top-performing sectors, while Metals underperformed, declining 1.5%. Additionally, fertilizer stocks rallied on expectations that the reopening of the Strait of Hormuz will improve the availability of key fertilizer inputs from the Gulf region and ease logistics costs. Lower natural gas prices and smoother supply chains could help reduce input costs and support sector profitability. Further, foreign investors infused nearly ₹16,000 crore into Indian debt markets during June, marking the strongest monthly inflow in the last 16 months. The sustained interest reflects improving investor confidence following recent RBI liquidity measures and the government's tax exemptions for foreign portfolio investors investing in government securities,” says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Stock Market Live Today: All eyes on US Fed decision
Although the US-Iran agreement is scheduled to be signed on Friday, only limited details have been made public so far. The three-month disruption to shipping through the Strait of Hormuz has significantly reduced oil inventories, with US crude stockpiles falling to their lowest level since 1983. On Wall Street, investors pared exposure to heavily owned technology and semiconductor stocks overnight, leading the Nasdaq to fall 1.15%. At the same time, gains in financial and industrial shares helped the Dow Jones Industrial Average reach another record high. Asian equity futures were modestly positive, though markets with significant semiconductor exposure, including Taiwan and South Korea, edged lower. MSCI's broad Asia-Pacific index excluding Japan declined around 0.3%. Japan's Nikkei advanced 0.4%, while benchmark indices in Hong Kong and Shanghai traded largely unchanged. Market participants are closely watching how Kevin Warsh navigates the competing pressures of a dovish administration and investor expectations that interest rates could still rise later this year. The uncertainty has kept the US dollar largely range-bound. The euro posted only modest gains this week, hovering near $1.16. Meanwhile, the Japanese yen failed to strengthen despite the Bank of Japan's widely anticipated rate increase on Tuesday, although concerns about potential official intervention helped limit further weakness, leaving the currency near 160.3 per US dollar.
Nifty Today Live: Bajaj Broking Nifty Outlook
Index formed a bullish candlestick pattern which remained contained inside previous session price range signaling consolidation around the 24,000 levels amid stock specific action. Nifty bias remains positive and is currently placed around the upper band of the last two months falling channel which also coincides with the previous swing high of 26th May placed around the range of 24,050-24,100. Going ahead, a move above 24,100 will infuse further momentum and open upside towards 24,500 levels in the coming weeks. Failure to do so will lead to some consolidation in the range of 23,600-24,100 in the coming sessions. We believe the overall structure is positive and any dips should be used to accumulate quality stocks in a staggered manner. We expect the index to eventually breakout above the 24,100 levels and gradually head towards 24,500-24,600 levels. Key short-term support is revised higher towards 23,500-23,600 levels being the confluence of the 20 days EMA and the recent breakout area.
Stock Market Live Updates Today: Asian shares slipped in early trade, mirroring losses on Wall Street as investors rotated away from technology stocks and positioned themselves ahead of the first Federal Reserve policy decision under Chairman Kevin Warsh. US equities ended on a mixed note on Tuesday. The Nasdaq Composite and the S&P 500 came under pressure due to weakness in technology stocks, while the Dow Jones Industrial Average notched its second consecutive record closing high. The US dollar weakened on Wednesday as investors awaited the Federal Reserve's policy announcement. Continued optimism surrounding the interim US-Iran peace framework supported risk appetite and reduced demand for the greenback.
