Stock Market Today: Indian Markets Poised For A Flat Start Amid Global Tug-of-War
The Indian stock market will begin its Thursday session with a snooze-inducing flat performance, as Sensex and Nifty 50 remain in a waiting mode. After three consecutive days of gains, investors are booking profits, which has dampened market excitement for the day.
On Wednesday, Sensex declined by 40 points to 84,233, while Nifty 50 managed a modest 18-point gain, bringing it to 25,953. Traders are keeping a close eye on two key factors: upcoming Q3 earnings announcements and global market developments.
Global financial markets are showing mixed trends, with Japan’s Nikkei index hitting record highs while Wall Street dips following stronger-than-expected US employment data. Analysts predict selective buying during dips, creating market movements around crucial support and resistance levels. For now, the Indian markets remain cautious, observing global developments while preparing to respond.
What Is Shaping The Stock Market Today?
Asian Markets Rally
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Japan’s Nikkei 225 rose 0.44% (hits historic 58,000)
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Topix gained 0.68%
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South Korea’s Kospi jumped 1.12%
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Hong Kong futures signal a lower start
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Gift Nifty Today
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Trading around 25,980–25,995
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Suggests a flat opening for Sensex and Nifty 50
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Wall Street Performance:
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Dow Jones fell 66.74 points to 50,121.40
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Nasdaq dropped 0.16% to 23,066.47
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S&P 500 nearly flat at 6,941.47
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Despite stronger-than-expected US jobs growth
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Gold and Crude Prices React to Global Cues
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Gold Prices:
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Spot gold slipped 0.4% to $5,065.56 per ounce
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Silver fell 0.8% to $83.60 per ounce
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Crude Oil Prices:
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Brent crude rose 0.29% to $69.60 per barrel
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WTI crude gained 0.36% to $64.86 per barrel
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Prices supported by ongoing US–Iran tensions
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Key Events To Trigger Stock Market Today
US Jobs Report Sends Treasury Yields Climbing
Stock Market Outlook Today
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Sensex Today:
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Trading range: 84,200 – 84,500
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Key support: 84,200
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Immediate resistance: 84,500
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Breakout above 84,500 may push index to 84,800 – 85,000
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Fall below 84,200 could test 83,700 – 84,000
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Nifty 50 Outlook:
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Trading range: 25,850 – 26,000
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Key support zone: 25,850 – 25,900
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Immediate resistance: 26,000 – 26,050
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Breakout above 26,000 may drive index to 26,100 – 26,300
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(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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