Otlook For Stock Markte Today: Dalal Street Eyes a Fresh Start After Holiday Pause
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Dalal Street is back after a short break, and the mood carries a touch of optimism. The Sensex and Nifty 50 are expected to open Friday’s session in the green, supported by encouraging signals from Gift Nifty, even as global cues remain mixed. Investors appear hopeful of a bounce. While caution still prevails, sentiment is far from gloomy, with markets once again flirting with a comeback narrative.
The benchmarks had slipped for a second consecutive session midweek as uncertainty surrounding the India–US trade deal and persistent foreign fund outflows dampened sentiment. On Wednesday, the Sensex fell 244.98 points to close at 83,382.71, while the Nifty 50 declined 66.70 points to settle at 25,665.60. Thursday’s trading holiday for Maharashtra’s municipal elections offered investors a pause to reassess and recalibrate positions.
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As trading screens light up again, the key question remains: will positive global cues and bargain hunting pave the way for a steadier, smarter revival? All eyes are firmly fixed on the opening bell.
What Is Shaping The Stock Market Today?
Gift Nifty Today
The morning saw Gift Nifty flash positive signals, trading in the 25,778–25,787 range. With a 60–68 point premium over the previous Nifty futures close, it quietly poses a big question to traders: is the stock market ready to open on a positive note?
Global Cues
Asian Market Cues
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Japan: Nikkei 225 slipped 0.52%, Topix declined 0.57%
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South Korea: Kospi gained 0.26%, while Kosdaq fell 0.59%
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Hong Kong: Hang Seng index futures signalled a higher opening
Wall Street Performance
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Dow Jones Industrial Average: Up 292.81 points (0.60%) at 49,442.44
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S&P 500: Gained 17.87 points (0.26%) to 6,944.47
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Nasdaq Composite: Rose 58.27 points (0.25%) to 23,530.02
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- Banking & Financials
- BlackRock: +5.9%
- Goldman Sachs: +4.6%
- Morgan Stanley: +5.8%
- Semiconductors & Technology
- Nvidia: +2.10%
- AMD: +1.93%
- TSMC (US-listed): +4.4%
Commodities Today
Currencies
- US Dollar: Hit a six-week high on strong jobless claims data
- Dollar Index: Up 0.24% at 99.31 (day’s high: 99.49)
- Euro: Slipped 0.25% to $1.1613
- Japanese Yen: Weakened to 158.48 per dollar
Precious Metals
- Spot Gold: Down 0.1% at $4,614.93 per ounce
- US Gold Futures: Settled 0.3% lower at $4,623.70
- Trend: Stronger dollar weighed on safe-haven demand
Crude Oil
- Brent Crude: Slumped 4.15% to $63.76 per barrel
- WTI Crude: Rose 0.25% to $59.34 per barrel after a sharp 4.6% fall
- Trigger: Prices stabilised as geopolitical tensions eased
Stock Market Prediction
Sensex Technical Outlook
The Sensex is securely positioned above the crucial 82,900–83,000 support zone, offering some comfort on the downside. Meanwhile, the 83,800–83,900 range continues to act as a short-term hurdle, capping recovery attempts. In light of ongoing macroeconomic and geopolitical uncertainties, analysts recommend a cautious approach with selective buying on market dips.
Nifty 50 Technical Outlook
The Nifty 50 index is sending mixed signals, forming a small green candle with a long upper shadow—classic signs of indecision and range-bound trading. While the 25,500–25,600 zone continues to act as strong support, the 25,900–26,000 resistance band remains a tough hurdle. According to Nagaraj Shetti of HDFC Securities, the trend will stay choppy unless Nifty decisively crosses 26,000.
(With Inputs From Reuters)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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