Stock Market Live Updates Today: BSE Sensex and Nifty50 are likely to start Thursday's session on a positive note, supported by a sharp decline in global crude oil prices following the signing of an interim peace agreement between the United States and Iran. Market participants expect domestic equities to maintain a gradual upward trajectory, aided by easing geopolitical tensions and growing optimism over the resolution of the West Asia conflict. The sharp correction in crude oil prices has also boosted sentiment by easing concerns over inflation and external-sector risks.
Analysts expect the 24,000 level to provide immediate support for the Nifty. A fall below this mark could result in a decline towards 23,800. On the upside, a sustained move above 24,100 may open the door for further gains towards 24,300 and beyond.
Nifty Today Live: Bajaj Broking Bank Nifty Outlook
The index formed a bullish candlestick pattern which continues to consolidate within Monday’s price range, signaling consolidation with stock-specific action. PSU banking stocks outperformed on Wednesday session as the Nifty PSU Bank Index closed the session higher by more than 1.5%. Bank Nifty, after a strong rally of 4800 points in just 10 sessions, is witnessing consolidation on expected lines in the last 3 sessions amid stock-specific action.
A key observation in the daily chart is that the 20-day EMA has generated a bullish crossover above its 50-day EMA, thus supporting the positive bias in the index. We expect the index to head towards 58,300 and 59,000 levels in the coming weeks, being the measuring implication of the recent four-week range breakout (52,700-55,500). The index sustaining above 55,500-56,000 will keep the short-term 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: Crude Oil Prices Drop
Crude prices continued to soften, with US oil falling 1.25% to $75.83 a barrel and Brent crude declining 1.4% to $78.41 per barrel. In currency markets, the dollar gained marginally against the yen to 160.65 after reaching 160.79 overnight, its strongest level since July 2024. Meanwhile, the dollar index slipped 0.03% to 100.32, while the euro strengthened 0.1% to $1.1511.
The recent decline in oil prices has started to alleviate concerns about a broader economic slowdown, particularly in Europe, which relies heavily on imported energy. The International Energy Agency said on Wednesday that the oil market could shift into a substantial supply surplus in 2027 following a recovery from the disruption caused by the closure of the Strait of Hormuz.
Stock Market Live Today: Asian Stocks Steady
Asian equity markets were largely unchanged on Thursday, while oil prices moved lower as investors evaluated developments following the signing of an interim peace agreement between the US and Iran. Despite the breakthrough, some uncertainty remained over the durability of the arrangement. The two countries released the agreement's text after it had already circulated widely. The deal extends the ceasefire first announced in April by an additional 60 days, giving both sides more time to work toward a permanent settlement.
US President Donald Trump, however, warned that military action could resume and Iranian officials could be targeted if Tehran failed to comply with the terms of the agreement. Kyle Rodda, senior financial market analyst at Capital.com, said geopolitical risks remain significant and are likely to continue influencing market movements.
MSCI's broad Asia-Pacific index excluding Japan was little changed. Japan's Nikkei climbed to a fresh record high, crossing the 71,000 mark for the first time, supported by strong gains in semiconductor and artificial intelligence-linked stocks. South Korean equities advanced 0.9%, while S&P 500 futures rose 0.81% to 7,484.8.
Japan's benchmark 10-year government bond yield increased by 2 basis points to 2.620% and was on track for its highest closing level since June 16 after touching 2.63% earlier in the session.
Sensex Today Live: ‘Markets Likely to Maintain Positive Momentum’
“Indian equities are expected to continue their gradual upmove. The sharp decline in crude oil prices has improved sentiment, reducing concerns around inflation and external sector pressures. Domestic equities traded positively during yesterday’s session, although the Sensex and Nifty pared early gains amid profit booking at higher levels.
The Nifty 50 ended 0.4% higher, while the Midcap100 and Smallcap100 indices gained 0.5% and 0.8%, respectively. Sustained lower crude prices are positive for oil marketing companies and broader market sentiment, given their favourable impact on inflation, fuel costs and India's current account balance.
Defence stocks remained in focus, with the Nifty Defence index gaining 3.9%. Sentiment was supported by India's defence production reaching a record Rs 1.78 lakh crore in FY26, reflecting 15.6% YoY growth and highlighting the continued strength of the domestic defence manufacturing ecosystem. The banking sector remains well positioned, with banking system credit growth at a robust 17.6%, supported by broad-based demand across corporate, retail and MSME segments.
Improving asset quality, healthy loan growth and a favourable earnings outlook are expected to support the sector, with small and mid-sized banks appearing relatively better positioned for growth. Investors will remain watchful of the US Federal Reserve's policy outcome,” says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Nifty Today Live: Bajaj Broking Nifty Outlook
The index formed a bullish candlestick pattern with a higher high and a higher low as it extended its up move for the fourth consecutive session. Nifty closed firmly above the 24,000 levels. On Wednesday, Nifty tested the upper band of the last two months' falling channel, which also coincides with the previous swing high of May 26 placed around the 24,100 levels.
Going ahead, a follow-through move and a close above 24,100 will infuse further momentum and open upside towards 24,600 levels in the coming weeks. However, failure to close above 24,100 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 break out above the 24,100 levels and gradually head towards 24,600 levels. Immediate support in Nifty is placed at 23,900-23,800 levels, while key short-term support is revised higher towards 23,500-23,600 levels.
Stock Market Live Updates Today: Asian equities moved higher, supported by gains in US futures. S&P 500 futures climbed 0.8%, while a broader gauge of Asian stocks rose 0.5%. Nasdaq futures gained more than 1%. The moves came after the US benchmark index fell 1.2% in the previous session following the Fed's signal that further policy tightening may be needed to contain inflation. Brent crude slipped more than 1% in early Asian trade, dropping below $79 a barrel.
The S&P 500 and Nasdaq both ended more than 1% lower on Wednesday after investors increased bets on a possible Federal Reserve rate hike. The shift in expectations followed comments from Fed Chair Kevin Warsh on the need to control inflation and projections from policymakers indicating the possibility of higher rates later this year.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
