Stock Market Today, Outlook
The Indian stock market shows signs of continuing its winning streak on Thursday, as Sensex and Nifty 50 are likely to open on a positive note due to favourable global market conditions and steady investor confidence.
Gift Nifty is providing early market signals of a strong opening, as it is currently trading around 25,853, nearly 25 points above the previous Nifty futures close, indicating that bulls may remain in control at the opening bell.
The market trend continues to show strength, as the Nifty index has already recorded three consecutive sessions of gains despite market fluctuations. The Nifty 50 maintained a strong position above the 25,800 level on Wednesday, supported by consistent buying on dips.
The Sensex closed at 83,734.25 after gaining 283.29 points, representing a 0.34% increase, while the Nifty 50 settled at 25,819.35 after rising 93.95 points, marking a 0.37% gain. This sets up a crucial question for investors: whether a fresh breakout is underway or if the market will pause before the next move.
Technology Sector
Global technology stocks led the market gains, supporting risk sentiment across major indices.
Strength in semiconductor and large-cap tech companies pushed tech-heavy indices higher.
Asian Markets
Asian equities traded higher following positive global momentum.
Japan and South Korea markets posted gains, while some regional markets remained closed due to holidays.
Energy Sector
Crude oil prices stayed firm amid ongoing geopolitical concerns, supporting energy-related stocks.
Precious Metals
Gold prices steadied after a recent sharp rally.
Silver prices edged lower due to mild profit booking.
Currency & Interest Rate Trends
The US dollar remained stable after central bank policy signals.
Interest rate outlook continues to influence global investor sentiment.
Fed Holds Steady, But Keeps Markets Guessing
The Federal Reserve’s recent meeting minutes show that the central bank plans to maintain its current interest rates while monitoring inflation trends, as it has no immediate intention to change its policy direction. Policymakers have not yet declared an all-clear signal, even though price pressures are showing signs of easing.
Some officials indicated that rate cuts may become possible if inflation continues to improve, while others warned that persistent price pressures could require tighter monetary policy. The Fed has maintained its data-driven approach amid a strong labour market and ongoing global uncertainties, keeping markets watchful for upcoming policy signals.
Sensex rebounded sharply after taking support near 83,400, forming a bullish candle on the daily chart and signalling improving short-term momentum. Analysts note that support has shifted to 83,300, and holding above this level may sustain the uptrend. Immediate resistance is placed at 84,700–85,000, while a break below support could weaken sentiment.
Derivative data indicates a range-bound bias for Nifty 50, with heavy put writing at 25,700 and call writing at 26,000. Declining volatility suggests improving sentiment, but analysts believe a decisive breakout above resistance levels is necessary to confirm a sustained upward trend in the near term.
(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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