Market Savera - 23/12/2024

Stock Market Updates

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Tickets to Travel

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Ep. 42 - RevPar Problems, Real Talk: When Memes meet Metrics with Calvin Tilokee 47:59

منذ 12 يومًا47:59

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47:59

Ep. 42 - RevPar Problems, Real Talk: When Memes Meet Metrics with Calvin Tilokee How do revenue managers really think? What makes hotel rates spike during Taylor Swift concerts—or Bigfoot conventions? And why do memes about ADR hit harder than your star report? In this episode of Tickets to Travel: The Business of Travel Experiences , we sit down with Calvin Tilokee of RevPAR Media, the sharp mind behind the viral @RevPARProblems Instagram account. Calvin pulls back the curtain on hotel pricing strategy, compression events, influencer marketing, and what event producers often get wrong when pitching to hotels. Whether you’re trying to block rooms for a major festival, fill your hotel over a soft week, or just want to understand the secret language of revenue managers, this episode is packed with insight and humor. This episode is a must-listen for hotel sales and revenue teams, meeting and event planners, festival promoters, and hospitality marketers. Follow @RevPARProblems on Instagram for daily hotel truths and satire. And subscribe now to hear why Calvin says: “We don’t need your group when we’re already full. Call us the week after Christmas.” For more insider conversations at the intersection of travel, ticketing, and live experiences, follow us on all socials @Tix2TravelPod and subscribe wherever you get your podcasts. If you haven’t listened yet, head to www.tttpod.com to catch up on past episodes.…

منذ عام واحد 2:17

MP3•منزل الحلقة

Immediate support lies around 23,500, where significant put writing has been observed. A close below this level could trigger further unwinding or short build-up, potentially dragging the Nifty toward the 23,200–23,300 range. Overall, the Nifty remains in a consolidation range between 23,200 and 24,000, with a breakout on either side likely to determine the next clear trend.

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#Trading #Business #HDFC Securities

Market Savera - 23/12/2024

Stock Market Updates

published منذ عام واحد

MP3•منزل الحلقة

1664 حلقات

#Trading #Business #HDFC Securities

Wszystkie odcinki

1
Opening Bell - 26 / 05 / 25 2:15

منذ 6 weeks2:15

2:15

Opening Bell - Morning Commentary Global shares breathe a sigh of relief as Trump delays European Tariffs - Indian markets are poised to open positively. President Trump had initially planned to impose a 50% tariff on imports from the European Union, effective June 1, which had negatively impacted global markets. The reversal of this stance is now helping Western markets recover from their earlier decline. US and European equity-index futures climbed alongside Asian stocks today after President Donald Trump extended the deadline on aggressive European tariffs, providing relief to international markets. Shares of nuclear power companies closed higher on Friday following President Donald Trump's signing of executive orders aimed at jumpstarting the atomic energy industry in the United States. The US dollar'*s value relative to a basket of other major currencies fell to its lowest level in four weeks, with the dollar *down nearly 9% year-to-date as of Friday. The price of Bitcoin, the most widely traded cryptocurrency, climbed for the sixth consecutive week and hit a record high of nearly $112,000 last week, continuing its strong upward momentum. India's GDP growth data, US Federal Reserve meeting minutes, and US inflation figures represent essential economic indicators scheduled for release this week that could significantly impact market sentiment. India's Q4 GDP data, set to be released on May 30, will be crucial in determining whether the country's economy is gaining momentum or reaching a plateau in its growth trajectory. The minutes from the May 6-7 US Federal Open Market Committee (FOMC) meeting will be closely analysed by investors and economists for insights into the Federal Reserve's future stance on interest rate policy. Indian markets posted negative returns for the past week, with both the Sensex and Nifty declining nearly 1% each, driven by escalating global trade tensions, fiscal deficits, rising bond yields, and renewed fiscal concerns in major economies. Geopolitical uncertainties, the ongoing earnings season, institutional capital flows, and derivatives expiry dates are serving as the primary drivers of volatility in Indian equity markets during this period. Strong domestic demand, fuelled by recent tax cuts and recovering rural consumption due to an above-normal monsoon season, remains a key positive driver for India's economic growth prospects. The Nifty's short-term trend remains positive as it trades above its 20-day exponential moving average. Immediate resistance levels are at 24,946 and 25,116, while support levels are identified at 24,748 and 24,685. Indian equity markets are poised to open positively, buoyed by the relief generated from President Trump's decision to extend the deadline on European tariffs rather than implementing them immediately.…

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Opening Bell - 21 / 05 / 25 2:04

منذ 7 weeks2:04

2:04

Opening Bell - Morning Commentary U.S. Markets Retreat as Investors Reassess Recent Optimism U.S. equity markets closed modestly lower Tuesday during a session marked by minimal economic data releases. The pullback follows a robust rebound over the past month, prompting investors to question the sustainability of recent optimism fuelled by apparent easing in trade tensions and inflation concerns. Technology stocks have been the primary drivers of recent market gains and have experienced broad declines. Industry leaders Nvidia, Apple, and Microsoft all closed in negative territory. The sector dropped 0.5% as investors locked in profits following the extended rally and sentiment shifted amid renewed macroeconomic uncertainties. Notable movements within the S&P 500 included a sharp decline in FICO shares following heightened regulatory scrutiny, while Moderna surged on favourable vaccine guidance. Defensive sectors, including healthcare and consumer staples, outperformed the broader market, reflecting investors' increasing preference for safer assets amid growing economic uncertainty. Over recent weeks, easing trade tensions and persistently robust economic data have fuelled a remarkable 20% rally in the S&P 500 since its April 8 low. U.S. small- and mid-cap equities have exhibited powerful momentum during this period, with the Russell Mid-cap Index advancing 21% since April 8, while the Russell 2000 Index, which tracks smaller companies, has gained 19.5% from its recent bottom. This balanced performance across market segments suggests a broad-based economic recovery rather than one concentrated in a few large companies. Despite the temporary suspension of specific U.S.-China tariffs, investors continue to doubt the longevity of trade relief measures. Additional concerns centre around President Trump's proposed tax cuts, which critics suggest could significantly increase the federal deficit. Market apprehension intensified as major retailers like Walmart cautioned about potential price increases, further stoking inflation worries. Oil prices jumped more than 1% on Wednesday following reports that Israel is preparing to strike Iranian nuclear facilities, heightening concerns that conflict could disrupt supply chains in the critical Middle East production region. Asia-Pacific equities advanced today despite Wall Street ending its six-day winning streak. Stock benchmarks in Japan, South Korea, and Australia gained ground, pushing a broader index of regional shares up 0.4% in early trading. Indian equity benchmarks declined sharply yesterday amid reports of increasing COVID-19 cases in Southeast Asian countries like Singapore and Hong Kong. The Nifty fell for the third consecutive session, shedding 261 points (1.05%) to close at 24,683, while the BSE Sensex dropped 873 points (1.06%) to 81,186. Japanese bond sell-off has elevated borrowing costs, contributing to global market uncertainty and dampening risk appetite. Technically, Nifty closed below its 5-day EMA for the first time since May 8, 2025, suggesting a shift to profit-booking. Support levels lie at 24,494 and 24,378, while resistance is expected in the 24,800-24,900 range. In the absence of strong global cues, Indian markets are likely to pick up from where they left off yesterday.…

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Opening Bell - 20 / 05 / 25 1:54

منذ 7 weeks1:54

1:54

Opening Bell - Morning Commentary Japan's PM Raises Alarm on Economic Challenges, Late U.S. Market Recovery to Boost Our Markets' Opening. US stocks recovered from steep early-session losses and closed slightly higher on Monday. Investors digested news that a major ratings agency had downgraded its U.S. federal government debt assessment. The major averages climbed well off their session lows before ending the day modestly higher. The 10-year Treasury shot up to 4.56% early Monday, its highest intraday level in over a month. However, it was at 4.45% in late trading, little changed from its close on Friday. On the U.S. economic front, the Conference Board released a report showing that its reading on leading U.S. economic indicators slumped more than expected in April. The report said the leading economic index tumbled by 1.0 per cent in April after sliding by a downwardly revised 0.8 per cent in March. Economists had expected the leading economic index to decrease by 0.8 per cent compared to the 0.7 per cent drop originally reported for the previous month. U.S. Federal Reserve officials took on cautiously the ramifications of the latest downgrade of the U.S. government’s credit rating and unsettled market conditions as they continued to navigate a very uncertain economic environment. Japanese Prime Minister Shigeru Ishiba has firmly rejected the idea of tax cuts funded through additional debt issuance, warning that Japan’s fiscal health is in a worse state than Greece's. Speaking in Parliament, Ishiba noted that the country is witnessing a shift toward positive interest rates, citing recent moves by the central bank to unwind its decades-long stimulus policy. Japan’s 10-year government bond yield climbed to a six-week high of 1.48%, while the 30-year yield eased to 2.87%. China’s industrial production in April grew 6.1% YoY, surpassing expectations of 5.7%, though slightly down from the 7.7% rise recorded in March. However, retail sales disappointed, rising only 5.1% YoY compared to a forecast of 6.0% and slower than March’s 5.9% growth. Nifty fell for the second day in a row on Monday amid weak global cues. The Indian Rupee exhibited strength, appreciating by 10 paise against the greenback to settle at 85.40. This upward movement in the rupee can be attributed to cooling crude oil prices and a softening of the US dollar. Nifty is placed above all key moving averages, indicating the continuation of an uptrend. Immediate support for the Nifty is seen in the band of 24750-24800, while positional support stands at 24500. On the upside, resistance is placed at 25116 and 25207. U.S. futures had suggested a soft opening for American markets when our markets closed yesterday. However, U.S. markets ultimately recovered all their early losses by the closing bell, and hence our markets are expected to open with 0.5% gains today.…

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Opening Bell - 19 / 05 / 25 2:06

منذ 7 weeks2:06

2:06

Opening Bell - Morning Commentary US Credit Rating Downgrade to Temper Global Market Sentiment, Local Small and Midcap Stocks are likely to Remain Resilient. Moody’s Investors Service cut the United States' credit rating, citing concerns over rising debt and political deadlock. This is a jolt to US markets, though it may not impact it immediately, as Moody’s is the last of the three major credit agencies to maintain a top-tier rating for the US. In the long run, the US establishment must take corrective measures, as a failed or significantly undersubscribed Treasury auction would represent a severe shock to global financial markets. Such an event could precipitate a crisis of confidence in US government debt, potentially leading to sharp increases in borrowing costs across the economy and rapid asset repricing in equity and corporate debt markets. Last week, Indian equity markets experienced a significant rally, easing geopolitical tensions and upbeat global cues. The U.S. stock market experienced a strong rebound, recovering much of the ground lost during the April tariff-induced selloff. Most U.S. stocks’ weekly gains came following trade negotiations between the world’s two largest economies. U.S. and Chinese negotiators agreed to sharply reduce rates for many recently introduced tariffs for 90 days while pursuing further talks that could result in a longer-term agreement. Continuous institutional buying in cash markets, FPIs' net short positions in the index markets, and positive surprises on Q4FY25 earnings season in select stocks make us believe that broad-based growth may give way to more sector and stock-specific performance in the coming periods. The Nifty registered a rally of more than 4% last week, backed by strong broader markets. The Nifty Midcap100, Smallcap100, and Microcap250 indices outperformed the Nifty by soaring 7.21%, 9.17%, and 9.99%, respectively. The next resistance for the Nifty is seen in the band of 25200-25300, where 76.4% and 78.6% retracement levels are placed, respectively. Previous resistance of 24545, derived by 61.8% retracement, is expected to interchange its role as a support going forward for Nifty. Indian markets are poised to open cautiously in response to sobering signals from US market futures following the sovereign ratings downgrade, though local small and midcap stocks are expected to maintain their resilience.…

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Opening Bell - 14 / 05 / 25 2:17

منذ 8 weeks2:17

2:17

Opening Bell - Morning Commentary Trade war truce between USA & China lifts sentiments across the globe, lower inflation print will propel the RBI to cut rates in the forthcoming policy The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism after the U.S. and China announced a trade truce on Monday. The Dow fell, however, with its biggest drag a 17.8% slide in shares of UnitedHealth after the insurance bellwether suspended its annual forecast and its CEO stepped down. Stocks, oil and bond yields rose, lifted by the optimism surging through markets that the worst of the global trade crisis is past and that the growth outlook is much brighter than it looked only a few days ago. U.S. stock futures were largely unchanged Tuesday evening after the S&P 500 and Nasdaq closed higher on optimism around the U.S.-China trade deal, and a softer-than-expected consumer inflation print. NVIDIA Corporation shares closed 5.6% higher on Tuesday after the company announced the sale of 18,000 AI chips to a Saudi Arabian company, Humain. The Saudi-based company intends to use the chips to build its 500 megawatt data centre. Bond yields finished the day modestly higher, with the 2-year Treasury yield rising to just above the 4% mark while the 10-year Treasury yield climbed to 4.48%. Headline CPI rose by 0.2% for the month and 2.3% on an annual basis, while core CPI rose by 0.2% in April and 2.8%. The modest increase in core CPI brought the three-month annualised change in core CPI down to 2.1%, the lowest reading since July 2024. Results have been broadly positive, with roughly 78% of companies announcing better-than-expected earnings with an average upside surprise of 8.6%. Earnings growth is on pace to rise by 13% for the quarter, up from estimates of only 7% at the beginning of April. India's headline inflation slowed to 3.16% YoY—the lowest since July 2019. With crude oil prices sharply easing, domestic demand softer, and food prices contained, we expect the RBI to cut rates aggressively. Nifty witnessed profit booking in yesterday's session, falling more than 400 points from intraday highs and closing near the session's low. As anticipated, Nifty Midcap and Small Cap indices outperformed the Benchmark Indices. We expect this trend to continue as we approach the end of the earnings season, which has been primarily in line with expectations. Foreign investors have turned aggressive sellers in the cash and derivative markets, which will likely keep markets in check at higher levels. Nifty is still above its 5 and 10-day EMAs, which indicates a continuation of a positional uptrend. On the downside, strong support for Nifty is placed at 24500 and 24378, while on the upside, 24850 and 24975 could offer resistance.…

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Opening Bell - 13 / 05 / 25 2:16

منذ 8 weeks2:16

2:16

Opening Bell - Morning Commentary Markets to digest recent gains U.S. equity markets rose sharply to start the week, as the United States and China agreed to a 90-day pause on the escalating tariffs placed on each other and will temporarily reduce their respective levies. The two countries announced this in a rare joint statement following high-stakes trade talks over the weekend. The Dow closed higher by 1,161 points, or 2.81%. The broader S&P 500 gained 3.26%, and the tech-heavy Nasdaq Composite surged 4.35%. The three major indexes each posted their biggest single-day gains in over one month. Investors showed greater appetite for riskier assets, including stocks. The US dollar rose 1.4% against a basket of currencies. US oil, which had tumbled as investors feared a demand vacuum because of a tariff-induced global recession, surged 1.52% to $61.95 a barrel. Brent crude rose 1.64% to $64.96 a barrel. Investors sold off safe-haven assets, such as gold, which tumbled 2.7%. US Treasuries also fell, sending the 10-year yield back above 4.45%. Japan’s yen fell 2% against the dollar. The CBOE Volatility Index, Wall Street’s fear gauge, sank more than 15% to its lowest level since the end of March. India proposed to impose retaliatory duties on U.S. products under World Trade Organisation norms in response to American tariffs on steel and aluminium, which were implemented as safeguard measures. India stated that its proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the U.S., aiming to balance the impact of the U.S. measures. The Indian stock market skyrocketed today, logging its biggest intraday gains in the last four years. The Nifty 50 ended 3.82% higher at 24924. Nifty surpassed the crucial resistance of 24857 and closed above it. Next resistance for the Index is seen at 25207, which happens to be a 76.4% retracement of the entire fall from 26277 to 21743. Support has now shifted upwards to 24590. Following yesterday's stupendous rise, Indian benchmark indices will likely consolidate recent gains, while we anticipate continued buyer interest in mid-cap and small-cap stocks at lower levels.…

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Opening Bell - 09 / 05 / 25 2:27

منذ 8 weeks2:27

2:27

Opening Bell - Morning Commentary US stocks rose on a trade deal with the UK - Our markets fell as geopolitical tensions escalated. U.S. equity markets closed higher on Thursday, following a trade agreement between the U.S. and U.K., Which is expected to lower U.S. tariffs on products such as autos, steel, aluminium and aerospace engines imported from the U.K. This is the first trade agreement with a significant trading partner since the U.S. unveiled its tariff plans on April 2. Although the impact of this agreement will be limited, markets reacted favourably, hoping that it could help provide a framework for further negotiations with other trading partners in the weeks ahead. The U.K. was responsible for roughly 2% of U.S. goods imports in 2024, and was the destination for approximately 4% of U.S. goods exports. The Russell 2000 small-cap index rose 1.9% to close at its highest level since April 2, when the tariffs were initially announced. On the economic front, weekly initial jobless claims fell more than expected last week, suggesting that the labour market remains stable. However, a separate report showed worker productivity dropped in the first quarter for the first time in nearly three years. Oil prices were little changed early on Friday after rising more than 3% in the previous session, as trade tensions between the top oil consumers, the U.S. and China, showed signs of easing. Japanese stocks jumped, supported by the dollar's surge against the yen, after a U.S. trade deal with Britain fuelled hopes of progress in tariff talks with other countries. Bitcoin soared to its highest level since January. Our markets fell yesterday as India-Pakistan border tensions escalated. As we have been alerting our readers, it is prudent to prepare rather than panic. We advise traders to keep leveraged and speculative positions light and use derivatives to hedge short-term exposures. The Nifty mid- and small-cap indices fell sharply along with the Benchmark indices. The Nifty Midcap 100 Index plunged by 1.95%, while the Nifty Smallcap 100 Index plummeted by 1.43%. Market breadth turned decisively negative, with declining shares significantly outnumbering advancing ones. The Nifty's short-term trend turned weak as it closed below its 5-day EMA, which was placed at 24340 levels. On the higher side, the 24340-24500 band is likely to act as immediate resistance, while the 23978-23800 could provide immediate support on the downside as markets digest the unfolding geopolitical situation.…

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Opening Bell - 06 / 05 / 25 2:35

منذ 9 weeks2:35

2:35

Opening Bell - Morning Commentary Emerging Markets currency Index rises to an all-time high - Expect more demand for emerging markets assets. U.S. equity markets closed modestly lower on Monday, with the S&P 500 snapping a streak of nine consecutive days with positive returns. The energy sector was a laggard, declining by 2%, driven by a fall in oil prices following an announcement that OPEC+ will bring additional oil supply to the market beginning in June. On the economic front, the ISM Services PMI was higher than expected for April at 51.6, highlighting resilience in the U.S. economy's services sector despite the uncertain trade-policy backdrop. Investors will focus on central-bank policy this week. The FOMC meeting for May concludes on Wednesday, and expectations are that the Fed will hold its policy rate steady at 4.25%—4.5%. Treasury Secretary Scott Bessent expressed optimism over progress in U.S.-China trade talks, though he acknowledged the current 145% tariff levels were unsustainable. He emphasised that the U.S., being the deficit country, held more leverage. The MSCI EM FX Index is a benchmark that measures the performance of emerging market currencies against the US dollar. It rose to a record high as the Taiwan dollar and other peers were bolstered by the American dollar's weakness amid fresh signs of a potential de-escalation of the trade war. Strong demand for EM currencies eventually translates into stronger demand for EM stocks or bonds. Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 51% stake in Yes Bank. This marks a significant shift in ownership for India’s sixth-largest private lender. India will conduct a civil defence mock drill on 7 May 2025 across 244 districts in a major national preparedness move. Prompted by the recent Pahalgam terror attack that claimed 26 lives, the drill will involve local authorities, students, and volunteers and assess readiness for air raid warnings, blackout protocols, and civilian evacuation procedures. The Nifty rose to fresh 2025 highs on Monday on strong global cues. The Indian Rupee witnessed a significant surge, reaching its highest level in six months. Technically, the Nifty remains firmly in an uptrend, trading above its key moving averages. On the higher side, 24590 is likely to act as an immediate resistance, while the 24,200 level could provide immediate support on the downside.…

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Opening Bell - 02 / 05 / 25 2:11

منذ 9 weeks2:11

2:11

Opening Bell - Morning Commentary Record GST numbers since its launch. U.S. stocks advanced on Thursday, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from mega-caps Microsoft and Meta eased concerns about artificial intelligence spending. Microsoft surged 7.6% and closed at its highest level since late January, driven by an upbeat quarterly growth forecast for its cloud-computing business Azure. The gains briefly pushed Microsoft above Apple to become the world's most valuable company. Meta Platforms gained 4.2% and closed at its highest since April 9 after posting higher-than-expected revenue due to a strong advertising performance. The results helped allay fears that the massive spending on AI in recent years would not be rewarded, and eased concerns that President Donald Trump's tariffs could dent economic growth. Shares of Apple and Amazon.com eased in after-hours trading on Thursday, with forecasts, including Apple's estimated tariff costs, disappointing investors after U.S. tech-related shares jumped earlier in the day. Amazon.com shares were down 2.5% after it reported first-quarter cloud revenue growth and forecast operating income below estimates. The final S&P U.S. Manufacturing Purchasing Managers Index (PMI) for April held steady at 50.2, compared with forecasts for a drop to 48.5*. The figure remained above the key 50.0 mark, reflecting expansion for the fourth consecutive month. The Institute for Supply Management (ISM) Manufacturing PMI for April declined modestly to 48.7, reflecting contraction but exceeding expectations for a larger drop to 48.0. Within ISM's components, supplier deliveries and inventories were the most significant positive contributors, while production, employment and new orders were the leading detractors. Britain's FTSE 100 index edged higher, extending its winning streak to 14 consecutive sessions. Consumer staples and financial shares led the index. The yen tumbled 1.7% to 145.00 per dollar—its biggest fall this year—after the Bank of Japan's 'dovish hold' on interest rates. Oil prices recorded the most significant monthly drop in almost three and a half years after Saudi Arabia signalled a move toward producing more and expanding its market share, while the global trade war eroded the outlook for fuel demand. Indian auto majors reported April monthly sales numbers in line with market expectations, with M&M leading the pack. India's Goods and Services Tax (GST) collection rose 12.6% Year over Year to an all-time high of about ₹2.37 lakh crore in April. This is the highest monthly collection since the tax was introduced in 2017. GST revenue from domestic transactions rose 10.7 per cent to about ₹1.9 lakh crore, while imported goods were up 20.8 per cent to ₹46,913 crore. Overall trend for the Nifty remains bullish, as it continues to trade above all key moving averages. Immediate support for the Nifty is placed at 24150, below which it could further fall towards 23870. On the higher side, 24450-24500 band is expected to continue acting as a significant resistance band.…

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Opening Bell - 30 / 04 / 25 2:16

منذ 10 weeks2:16

2:16

Opening Bell - Morning Commentary Corporate Results and Global Politics to Steer Markets U.S. equity markets closed higher on Tuesday, with the S&P 500 extending its winning streak to six consecutive days. Stocks finished in positive territory after fluctuating between modest gains and losses during choppy trading as investors evaluated recent corporate earnings, economic data, and trade policy developments. Most S&P 500 sectors ended higher, with cyclical sectors like materials and financials advancing. The S&P 500 has rallied approximately 12% from its April 8 low, now roughly 9% below its February 19 all-time high. Equity markets climbed on news that the U.S. will exempt automakers from additional steel and aluminium tariffs, preventing these costs from compounding existing auto tariffs. Reports indicate that imported auto parts for U.S. manufacturers will face lower tariffs than initially announced, while USMCA-compliant parts from Canada and Mexico will remain tariff-free. The market rally since April 8 has been fuelled by de-escalation in U.S. trade tension, including possible reduced China tariffs and potential near-term agreements with major trading partners. JOLTS job openings for March were lower than expected, falling to 7.2 million compared with the 7.5 million in the prior month. The U.S. GDP in Q1 2025 is expected to show a significant slowdown from the previous quarter, with a potential negative growth rate, a considerable deceleration from the prior quarter's 2.4% gain, as a surge in imports earlier this year and more cautious consumer spending trends potentially weigh on growth in the first quarter. The primary drag on the Q1 forecast is the record-high goods trade deficit, which is somewhat offset by inventory additions by businesses trying to bypass the tariffs. Due to weather disruptions, private spending will likely be slower than in Q4CY24. In Canada, Prime Minister Mark Carney’s Liberal Party emerged as the winner in the federal election, but fell short of a majority. With 172 seats out of 343, the Liberals will need support from smaller parties to form a government. The backdrop of trade war tensions and annexation threats from U.S. President Donald Trump heavily influenced the election campaign. An official survey showed on Wednesday that China's manufacturing activity contracted in April, reversing two months of recovery and keeping alive calls for further stimulus. Four of the so-called Magnificent Seven - Microsoft Corp., Apple Inc., Meta Platforms Inc. and Amazon.com Inc. - are also due to report earnings this week. Nifty is in a continuation of an uptrend, as it is placed above all key moving averages. The index's next resistance is 24545, which happens to be a 61.8% retracement of the entire fall from 26277 to 21743. On the downside, the 24150 level will likely act as immediate support for the Nifty.…

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Opening Bell - 29 / 04 / 25 2:09

منذ 10 weeks2:09

2:09

Opening Bell - Morning Commentary Wall Street Pauses as Key Economic Reports and Corporate Earnings Loom The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by mega-caps as investors awaited several catalysts, including key economic data and earnings from some of the largest U.S. companies. Approximately 30% of companies in the S&P 500 are scheduled to report first-quarter results this week, coinciding with the release of several important economic indicators. Wednesday will bring the preliminary estimate for first-quarter GDP growth and a reading on the Federal Reserve's preferred measure of inflation, personal consumption expenditures (PCE). Expectations suggest real GDP growth will slow to a 0.8% annualised rate, a significant deceleration from the prior quarter's 2.4% gain, as a surge in imports earlier this year and more cautious consumer spending trends potentially weigh on growth in the first quarter. On the inflation front, core PCE is expected to rise by 2.6% year over year, while headline PCE is anticipated to increase by a relatively modest 2.2% annually. Both figures would represent improvements from prior readings, potentially supporting the case for eventual monetary policy easing. President Donald Trump is on track to ease the impact of his auto tariffs, with the industry seeking changes to lift some levies on foreign parts for cars and trucks made inside the US. Market sentiment remains sensitive to developments in U.S.-China relations, with a lack of clarity on bilateral negotiations keeping investors cautious. Absent an obvious catalyst like a surprise U.S.-China trade agreement, markets will likely lack clear direction this week but remain choppy. Several events could influence trading, including month-end portfolio rebalancing, earnings reports from major technology companies, a Bank of Japan policy meeting, U.S. Q1 GDP data, and April employment figures. The prevailing "risk-off" tone in U.S. trading lifted gold nearly 1% back toward $3,350 per ounce, while oil retreated. Brent crude futures lost 1.5% to close at $65.86 per barrel. US Treasury Secretary Scott Bessent indicated that India could be among the first countries to finalise a trade agreement with the United States. Should India successfully negotiate favourable terms, such a development would likely strengthen market confidence and stimulate positive investor sentiment. Following a brief two-day phase of profit booking, the Indian market demonstrated a strong rebound. Nifty resumed its upward move by rising 289 points or 1.2%, to close at 24328 yesterday. The Nifty index maintained its positive momentum, extending the established upward trend. The index's next resistance is at 24545, which happens to be a 61.8% retracement of the entire fall from 26277 to 21743. On the downside, 24150 could offer immediate support for the Nifty.…

1
Opening Bell - 28 / 04 / 25 2:31

منذ 10 weeks2:31

2:31

Opening Bell - Morning Commentary Do not predict, prepare. U.S. stock markets rallied significantly, with all major indices posting substantial weekly gains as reports suggested easing trade tensions between the U.S. and China. Potential agreements with other trading partners further bolstered market sentiment. The Nasdaq Composite led with a 6.7% surge, powered by tech giants Nvidia and Alphabet, while the S&P 500 rose 4.6% and the Dow Jones Industrial Average gained 2.5%. Despite this upswing, investor caution persisted as President Trump's administration continued demanding substantial concessions from China, tempering expectations for a quick resolution to trade disputes. The Tamil Nadu government introduced a bill on Saturday seeking to protect people from the coercive actions of money lending entities. This may impact business growth and raise collection/credit costs for microfinance players. Geopolitical tensions between India and Pakistan continue to weigh on sentiments. Forecasting possible geo-political flashpoints or accurately assessing their cascading repercussions globally is challenging. Rather than attempting to predict the unpredictable, a more prudent approach is strategic preparation. For investors, this translates to building resilience within their portfolios to withstand potential geopolitical shocks and avoiding overly speculative positions based on uncertain outcomes. Maintaining adequate liquidity is vital. This allows flexibility to either capitalise on distressed asset opportunities that may arise during turmoil or to navigate adverse market conditions effectively, providing a buffer against unforeseen eventualities. After rising more than 2600 points from the recent swing low of 21743, Nifty seems to have registered a running correction. A breach of 23847 in subsequent sessions could lead to a further fall towards the next support at 23500. On the upside, 24150 and 24365 could offer resistance in the Nifty. Preparedness, not prediction, is the key.…

1
Opening Bell - 24 / 04 / 25 2:23

منذ 11 weeks2:23

2:23

Opening Bell - Morning Commentary Sentiment remains cautious amid signs of escalation in geopolitical tensions - markets will find buying support at lower levels during pullbacks. The apparent U.S. softening on China tariffs was a welcome sign for markets battered by Trump's erratic trade policies. On Wednesday, the US stock market ended higher on revived hopes for progress in the US-China trade dispute. On Wednesday, U.S. Treasury Secretary Scott Bessent said that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signalled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession. The market seems to welcome any distraction from Trump tariff headlines, if only so it can focus on earnings as the first quarter reporting season gets full swing. Boeing shares also surged after the plane maker reported a smaller-than-expected quarterly loss. Tesla's share price surged 8.2%, Apple's gained 2.43%, Nvidia's rallied 3.86%, and Amazon's jumped 4.28%. On the economic front, preliminary April S&P Global PMI data suggested that the U.S. economy continued to expand in April, but at a slower pace than the prior month. Sales of new US single-family homes increased more than expected in March. New home sales jumped 7.4% to a seasonally adjusted annual rate of 724,000 units last month, the highest level since September 2024. Economists polled had forecast new home sales, which make up about 14% of US home sales, to climb to a rate of 680,000 units. Activity in Europe appears to have stagnated in April, with the eurozone composite PMI registering at 50.1, below the prior month's reading of 50.9 and the lowest reading since December of last year. Trade deals that lead to lower tariff rates over the coming months could support global economic activity and equity markets. Asian markets opened on a positive note following gains in US markets. Eyes will be on further updates on the trade war, especially on US–Japan negotiations that can impact the USDJPY. Sentiment remains cautious amid signs of escalation in geopolitical tensions between India and Pakistan after the Pahalgam terror attack. India responded by suspending the Indus Water Treaty and downgrading diplomatic ties with Pakistan. Extending its bullish momentum for the seventh straight session, the Nifty climbed another 161 points (0.67%) yesterday to close at 24328, marking a robust recovery of over 2,600 points from its April 7th low of 21743. Immediate resistance for the Nifty is seen at 24545, which happens to be a 61.8% retracement of the entire fall from 26277(the All-Time High) to 21743(the 7th April 2025 Low). Support for the Nifty has shifted upwards to 24072. Indian markets are expected to open marginally lower. Foreign investors have pivoted to net buyers in cash markets (₹21,000 crore net buying since April 7th lows) while gradually covering their short positions in index futures (though still maintaining 67% net short positions). This shift indicates that markets will find buying support at lower levels during pullbacks.…

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Opening Bell - 23 / 04 / 25 2:24

منذ 11 weeks2:24

2:24

Opening Bell - Morning Commentary U.S. stocks and the dollar rebound as Trump steps back With gains led by the financials and consumer discretionary sectors, U.S. equity markets have advanced, signalling a shift towards risk-on sentiment among investors. Wall Street indices posted substantial gains, rebounding significantly following Trump's commentary and Bessent's reported remarks. The S&P 500 closed up 2.5% at 5287 points, the NASDAQ Composite advanced 2.7% to 16300 points, and the Dow Jones Industrial Average climbed 2.7% to 39186 points. Reversing Monday's sharp decline, indices climbed to session highs after a report surfaced quoting remarks attributed to U.S. Treasury Secretary Scott Bessent, who reportedly deemed the tariff standoff with China unsustainable and anticipated de-escalation, which significantly boosted hopes for U.S. trade negotiations. Trump further stated his preference for a trade agreement with China that would avoid tariffs of nearly 145%, though he asserted his intent to dictate terms should Beijing decline negotiations. The U.S. dollar strengthened broadly following Trump's retraction of threats concerning Federal Reserve Chair Jerome Powell's position, remarks that had previously undermined investor confidence in U.S. assets. Stock markets in Asia experienced a notable relief rally on Wednesday, buoyed by comments from President Donald Trump indicating he had no plans to dismiss the Federal Reserve Chair and hinting at potentially lower tariffs on Chinese goods. Tesla will report first-quarter earnings after the US market closes today, and Alphabet will follow on Thursday. 16% of the S&P 500 companies reporting quarterly results, performance has been strong, as 76% have beaten analyst estimates, with an average upside surprise of 6.2% European Central Bank President Christine Lagarde commented that disinflation in the region is nearing completion. Investors reacted by buying back into beaten-down stocks. Japan's Nikkei jumped 2.3% in early trade, while South Korea's main index rose 1.2%. Markets in India are likely to open on a strong note on Wednesday. The Nifty has risen more than 2400 points from the recent swing low of 21743, and after today’s opening flourish, it will encounter strong resistance near 24545, which happens to be a 61.8% retracement of the entire fall seen from 26277(All-Time High) to 21743(7th April 2025 Low). Support for the Nifty is seen near its previous swing high of 23870.…

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Opening Bell - 22 / 04 / 25 2:19

منذ 11 weeks2:19

2:19

Opening Bell - Morning Commentary Trump's Fed Criticism Rattles Markets Amid escalating trade tensions, President Donald Trump intensified his public criticism of Federal Reserve Chair Jerome Powell on Monday, labelling him "a major loser" and "Mr. Too Late" for not lowering interest rates faster. This persistent critique unsettled financial markets, already grappling with trade war uncertainties. US stocks experienced steep losses, with major indexes shedding significant value, as investor concerns mounted over the potential erosion of the Federal Reserve's independence from political influence. Simultaneously, the US dollar extended its decline against international currencies, and Treasury bond yields increased, reflecting market anxiety. There was also apprehension that the Fed might become reluctant to ease policy further if such actions were perceived as bowing to political pressure. Most European markets remained closed for the Easter Monday holiday. Asian stocks retreated at the open after President Donald Trump's criticism of Federal Reserve Chair Jerome Powell raised concerns about central bank independence and triggered a selloff in US assets. US assets showed signs of stabilisation in early Asian trading as equity-index futures built on a late Monday rally. The dollar index recovered after touching a 15-month low, while 10-year Treasury yields inched higher. Tensions between the US and China escalated as Beijing cautioned other nations against making agreements with the United States at China's expense, further intensifying the tariff dispute between the world's two largest economies. The Ministry of Finance announced the imposition of a 12 per cent provisional safeguard duty on certain steel products to protect the domestic industry from injury caused by a recent spike in imports of such products. The duty came into effect immediately for a period of 200 days — unless revoked. RBI has relaxed some requirements of the new LCR framework. That will likely free up lendable assets of ~Rs 3 trn, or 1.9% of banks' loans. Bank stocks have led the markets higher, and we continue to favour them on declines.* In the last eight trading sessions, the Nifty has risen more than 2400 points from the recent swing low of 21743. It rose for the fifth consecutive session yesterday and added a further 1.15% to the tally, closing at 24125. The previous swing high of 23870 is now expected to support the Nifty. On the higher side, immediate resistance is seen at 24226 and 24546. As we noted yesterday, Indian markets are expected to remain largely unperturbed by the issues in US markets and continue to see strong buying interest, particularly in smaller stocks.…

Stock Market Updates

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Opening Bell - 21 / 04 / 25 2:29

منذ 11 weeks2:29

2:29

Opening Bell - Morning Commentary Time to look at smaller stocks Indian stock markets posted significant gains during the truncated trading week, driven by easing retail and wholesale inflation figures that bolstered hopes for policy stability. U.S. stock indices retreated last week; volatility remains elevated by historical standards. Investors are navigating an increasingly complex landscape characterised by dramatic policy shifts. The trade environment has become particularly chaotic with a series of significant developments: a substantial 245% tariff on Chinese imports, new chip export licensing requirements for China, Beijing's unexpected cancellation of Boeing orders, discussions of potential automotive sector exemptions, and rumours of forthcoming pharmaceutical tariffs. These rapid-fire announcements have intensified market anxiety and uncertainty. U.S. Vice President JD Vance’s visit to India comes with hopes that both countries can secure a quick deal and a reprieve from weightier levies while maintaining a 10% baseline tariff. As earnings season progresses, market participants will scrutinise corporate commentaries for insights into how businesses adapt to the new tariff regime and what they observe throughout their supply chains and customer bases. Large private banks have taken the lead, surging to new all-time highs. Their quarterly results over the weekend aligned with market expectations and will continue to drive markets higher. Market gains could extend their strength on the back of sustained inflows. Large-cap stocks have performed well recently, mainly driven by short-covering. We anticipate that mid-cap and small-cap stocks are positioned to outperform in the coming period. The Nifty is firmly positioned above all key moving averages, reinforcing the bullish trend across all timeframes. The next significant resistance level for the Nifty is 24,050, which represents the 50% retracement level of the entire decline from the peak of 26,277 to the recent swing low of 21,743. The support level for the index has now shifted upwards to 23,500. Indian markets are expected to open marginally lower, digesting last week's impressive surge.…

Stock Market Updates

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Opening Bell - 17 / 04 / 25 2:04

منذ 12 weeks2:04

2:04

Opening Bell - Morning Commentary WTO cuts global trade outlook U.S. equity markets closed sharply lower on Wednesday, driven by weakness in the technology sector and hawkish-leaning commentary from the Fed. Semiconductor manufacturer NVIDIA announced that it will take a charge of up to $5.5 billion as a result of the U.S. government's decision to impose license requirements for exports to China on its chips. Global stocks fell on Wednesday, led by tech losses. Washington imposed new curbs on AI chip exports to China, marking an escalation in the global trade war. The Trump administration's latest trade war salvo sparked huge demand for safe-haven assets like gold, the Swiss franc and U.S. Treasuries. Gold surged 3.4% to a new high of $3342/oz, and the Swiss franc, rallying 1% against the dollar, was the biggest gainer in the G10 FX space. Fed Chair Jerome Powell signalled that he was not in a rush to cut interest rates. Oil rose nearly 2% on supply concerns after the U.S. issued new sanctions targeting Chinese importers of Iranian oil. The World Trade Organisation sharply cut its forecast for global merchandise trade from solid growth to a decline, saying further U.S. tariffs and spill-over effects could lead to the heaviest slump since the height of the COVID pandemic. WTO expected trade in goods to fall by 0.2% this year, down from its expectation of 3.0% expansion in October. The European Central Bank is expected to cut interest rates for the seventh time in a year today, looking to prop up an already struggling economy that will take a significant hit from U.S. tariffs. Wipro's outlook for the first quarter of the current fiscal year remains muted amid an uncertain macro environment. The company guided for a degrowth of 3.5% to 1.5% in the first quarter. Infosys will share its quarterly numbers and outlook today. Immediate support for the Nifty is seen at 23200, while resistances are seen at 23650 and 23870. Indian markets are likely to open subdued on the back of soft global cues.…

Stock Market Updates

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Opening Bell - 16 / 04 / 25 2:45

منذ 12 weeks2:45

2:45

Opening Bell - Morning Commentary Tariff uncertainty keeps global investors on edge U.S. stocks ended slightly lower on Tuesday as tariff uncertainty remained high, shares of consumer and healthcare companies eased, and upbeat bank results provided some support. After a few weeks of intense volatility, US markets remained relatively quiet. The Cboe Volatility Index (VIX), often referred to as Wall Street’s “fear gauge,” dropped below 30 after spiking to around 60 last week. The Dow fell 0.38%, the S&P 500 lost 0.17%, and the Nasdaq was flat. Companies like J.P. Morgan, Goldman Sachs, Morgan Stanley, and Citibank have all reported earnings thus far. These big banks have surpassed earnings expectations, primarily driven by higher equities and fixed income trading revenue. The S&P 500 remains down 12.2% from its February 19 record-high close and down about 8% for the year to date. The tariff backdrop remains fluid, and the uncertainty has weighed on financial markets. Nvidia would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips. China also halted purchases and deliveries of Boeing jets and aircraft equipment from the United States. The New York State manufacturing index rose more than expected, and import prices surprisingly fell. In Europe, luxury stocks fell sharply after LVMH reported declining sales, reflecting the toll of growing trade tensions and weakening Chinese demand. Investors are wary that the US government opened new investigations into potential tariffs on pharmaceutical and semiconductor imports, adding another layer of uncertainty for markets already rattled by tit-for-tat trade measures. China’s economy expanded faster than expected in the first three months of 2025, though its outlook is deteriorating rapidly due to Donald Trump’s massive tariffs. According to data released by the National Bureau of Statistics on Wednesday, China’s gross domestic product grew 5.4% in the first quarter from a year ago. That’s better than the 5.2% consensus estimate. Asian indices have started negatively today, with Japan's Nikkei 225 tumbling half a per cent and South Korea's Kospi and Kosdaq indices also lower. Hong Kong's Hang Seng gauge slipped around a per cent, while Taiwan's benchmark index also reported losses. India's consumer price inflation fell to a 67-month low of 3.34 per cent in March, a figure last seen in 2019. The easing inflation comes as a result of food inflation declining further, with economists firming up their expectations of a further rate cut in the June policy meeting of the Reserve Bank of India. India Meteorological Department (IMD) has projected an above-normal monsoon for 2025, forecasting precipitation at a minimum of 105% of the long-period average in its initial Southwest Monsoon estimate. Technically, the Nifty has decisively reclaimed levels above its 20, 50, and 100-day moving averages, a clearly encouraging sign for the bulls. Looking ahead, the next significant resistance level for the Nifty appears to be around 23869, which coincides with the previous swing high. On the downside, the 22900-23000 zone is likely to provide immediate support for the index. Indian markets are expected to retreat marginally at the opening, pressured by tepid global sentiment and in the wake of yesterday's impressive surge.…

Stock Market Updates

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Opening Bell - 15 / 04 / 25 1:58

منذ 12 weeks1:58

1:58

Opening Bell - Morning Commentary Markets to Gap UP as Global Sentiment Improves U.S. stocks finished higher on Monday, with Apple providing the most significant boost to the S&P 500 after the White House exempted smartphones and computers from new tariffs. Uncertainty regarding future tariffs restrained optimism, causing the main indexes to close below their daily highs. Investors remain concerned about how companies will manage their supply chains, as further changes on the tariff front are anticipated. Trump’s pivot indicates a more conciliatory approach and opens the way for negotiations. While we may have seen the worst of trade uncertainty, the road ahead is still rocky. Nevertheless, with volatility near historic extremes, there is more potential for a decline than an increase. U.S. companies have begun reporting results for the first quarter of 2025, and with tariff issues looming, corporate executives may be cautious in providing guidance. Asian shares rose, led by Japan, as President Donald Trump suggested a potential pause in auto tariffs, providing additional relief to the market after suspending levies on certain consumer electronics. The Indian stock market displayed remarkable resilience despite experiencing wild fluctuations influenced by global trade tensions. Indian markets are set to open higher today, aligning with positive global signals. Infosys is scheduled to announce its quarterly results on Thursday, which is expected to influence sentiment for IT stocks in the short term. The 22600-22700 range is anticipated to offer near-term support for the Nifty, while the 23300-23400 range is likely to serve as the immediate resistance zone on the upside.…

Stock Market Updates

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Opening Bell - 11 / 04 / 25 1:45

منذ 12 weeks1:45

1:45

Opening Bell - Morning Commentary Bond vigilantes compel Trump's Tariff Pivot, Short Covering to Propel Indian Markets and Catch-Up with Globe Today US markets closed lower on Thursday, as energy and technology stocks led to the downside. The retreat came on the back of a stunning 8% to 12% rally across major indexes on Wednesday when President Trump had announced a pause on the new tariffs. US stocks and oil prices sank on Thursday amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States. US hiked China tariffs to 145% amid intensifying trade war. President Trump had announced a pause to allow for negotiations to potentially reduce tariffs and other trade barriers. The news on the tariff pause was a welcome de-escalation of the recent global trade tensions and led to a global relief rally in equity markets. While US Treasury Secretary Scott Bessent claimed this delay was always intended, market dynamics suggest the administration acted in response to significant disruptions in the bond market. The tariff postponement followed extraordinary turbulence in the $140 trillion global bond market, particularly affecting the $47 trillion U.S. fixed income segment. Movement in Treasury securities—the world's most liquid market with daily transactions exceeding $1 trillion—occurred when the administration was actively working to reduce yields and borrowing costs. Various global debt instruments, including mortgages, credit cards, and auto loans, are priced based on US 10-year Treasury note yields. Despite gradually increasing foreign ownership of U.S. Treasury securities over the past year by other nations, the two largest creditors, Japan and China, have reduced their holdings by approximately $100 billion—a modest portion of the $8.5 trillion in foreign-held debt. Reduced imports to the United States result in fewer dollars circulating globally, diminishing available capital for Treasury purchases and consequently driving up yields as investors demand higher returns. Gold prices surged to an all-time high on Thursday as investors turned to yellow metal amid declining dollar and an escalating trade war between the U.S. and China. The prices of spot gold reached a record high of $3,171.5. Indian markets were closed for a holiday yesterday and will breathe a sigh of relief today, as US President Donald Trump has announced suspension of the additional 26% levy on India until July 9. TCS has reported quarterly numbers that are lower than street expectations for Q4FY25. Our markets are expected to gap-up today and will discount two days of global economic developments and market movements at the opening today. Nifty's immediate support is seen at 22400, while the 23100-23300 band is expected to act as a resistance zone.…

Stock Market Updates

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Opening Bell - 09 / 04 / 25 2:24

منذ 13 weeks2:24

2:24

Opening Bell - Morning Commentary Action packed day ahead: Trump Tariff saga, US FOMC Minutes, RBI rate cut and possible change in stance, Weekly derivative expiry U.S. equity markets closed lower on Tuesday, reversing gains at the open, as investors continue to digest the latest tariff headlines. The S&P had risen more than 4% earlier on Tuesday on open as investors hoped that Trump would soften his stance or postpone a Wednesday deadline for tariffs. The S&P 500 sold off sharply on to close below 5000 for the first time in almost a year after it reversed a strong morning rally, while investor hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline. The U.S. will impose an additional 50% tariff on imports from China in response to the 34% retaliatory tariffs China announced last week. The additional 50% duty on imports from China will bring the U.S. tariff rate on Chinese imports to 104%. Trump's sweeping tariffs have raised fears of recession and upended a global trading order that has been in place for decades. The S&P 500 has lost $5.83 trillion in market value, for its steepest four days of losses since the index was created in the 1950s. Trump declared that he would soon announce "major" tariffs on pharmaceutical imports, arguing the duties would push drug companies to move manufacturing operations to the U.S. Oil prices settled down more than $1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade war between the U.S. and China, the world's two biggest economies. US FOMC minutes for the Fed’s March meeting will be released today and could offer cues on whether Fed members view tariff led inflation to be transitory. US CPI for March will be released on Friday this week and a high reading could reduce expectations of a May or June rate cut by the Fed. Asian shares tumbled on Wednesday as the White House's decision to proceed with substantial tariffs on trade partners, especially a 104% levy on China, soured investor risk appetite. Japan's Nikkei 225 fell 3.12% to 31,982. In the first monetary policy review for the financial year 2025-26, Market expectations suggest that the RBI is likely to reduce key interest rates by 25 basis points. Easing inflation provides the RBI with scope for a more accommodative policy approach. Concerns regarding global economic headwinds, especially following the US's announcement of reciprocal tariffs, also play a role in these expectations. The outcome of the MPC meeting will be made public by RBI Governor Sanjay Malhotra today at 10:00 A.M. We expect the RBI to cut the repo rate by 25 bps and shift its stance to accommodative from neutral. The RBI is seen striking a dovish tone and we expect the bond yield curve to shift lower, with the 10-year yield expected to move towards 6.40% levels. It was a rollercoaster ride for the Nifty yesterday, showcasing significant intraday volatility, ultimately closing at 22535, a gain of 374 points or 1.69%. We expect the markets to remain volatile today as well, as traders navigate the weekly derivative expiry today. FPI traders purchased index options yesterday ahead of the weekly expiry, indicating their willingness to pay option premium prices while anticipating increased market volatility today. Nifty has recovered more than 950 points from recent lows, though still positioned below its 5-day average. Support for the Nifty has moved up to 22341, while resistance is placed in the range of 22800-22900. Indian markets are poised to open lower on back of soft global cues.…

Stock Market Updates

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Opening Bell - 08 / 04 / 25 2:11

منذ 13 weeks2:11

2:11

Opening Bell - Morning Commentary Roller-coaster session on Wall Street, Strong start and bargain hunting on cards for our markets The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation. Markets continue to digest the latest U.S. tariff announcements - On April 5, a 10% duty was levied on all U.S. imports except those from Canada and Mexico, which are subject to tariffs on non-USMCA compliant goods along with targeted goods such as autos, steel and aluminium. Higher levies on countries that have large trade deficits with the U.S. will take effect on April 9. Stocks briefly turned positive midmorning following a report that the U.S. was considering delaying tariffs by 90 days. However, reports later surfaced that these claims weren't factual, and U.S. equity markets responded by finishing lower, with the exception of the tech-heavy Nasdaq, which edged out a modest gain. Administration would be open to trade talks with Japan, one of Washington's closest allies in Asia, and administration officials say dozens of other countries have reached out as well with the hope of heading off the tariffs as high as 50% due to take effect on Wednesday. Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if it did not withdraw the 34% tariffs it had imposed on U.S. products last week. Those Chinese tariffs had come in response to 34% "reciprocal" duties announced by Trump. Asian markets were sharply lower yesterday, with Japan's Nikkei declining roughly 8% and the Hang Seng Index (Hong Kong) down by over 13%. Today Asia-Pacific markets have rebounded from previous session’s losses. Japan’s Nikkei 225 rose 5.34% while the Topix gained 5.53%. South Korea’s Kospi rose 2.26%. Nifty briefly breached the previous swing low of 21964, but it managed to close above that level, which may provide support in the near term. Looking upward, the index faces strong resistance around the 22700 mark. The broader market sentiment remained decidedly negative yesterday, with declining shares predominating for the second consecutive session, suggesting a broad-based sell-off. Such bearish sentiment is unlikely to persist. We anticipate a significant improvement in market sentiment driven by opportunistic bargain hunting activities today. Indian markets are likely to open stronger today on back of positive global cues.…

Stock Market Updates

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Opening Bell - 07 / 04 / 25 1:54

منذ 13 weeks1:54

1:54

Opening Bell - Morning Commentary Brace for the Opening Slump On April 2, President Donald Trump announced U.S. reciprocal tariff plans that exceeded market expectations in their scope and severity. A 10% minimum tariff will apply to all imports entering the U.S. beginning April 5, with higher tariffs targeting countries with which the U.S. maintains larger trade deficits. These new measures are projected to raise the effective tariff rate on U.S. imports from 2.3% in 2024 to between 20% - 25%, marking the highest level in at least a century. China swiftly announced retaliatory tariffs, matching the U.S. reciprocal tariff rate of 34%. This escalating trade war has profoundly unsettled investors and intensified fears of an impending recession. For the week, the Nasdaq plunged 10%, the S&P 500 shed 9.1%, and the Dow declined by 7.9%. U.S. stocks experienced their largest two-day market value erosion in history, with markets losing $11 trillion since Inauguration Day. Fed Chair Jerome Powell stated Friday that he anticipates President Trump's tariffs will likely increase inflation while hampering economic growth. Investor confidence plummeted after U.S. reciprocal tariffs triggered retaliatory measures from China. Sharp fall in U.S. market downturns weakened rebound expectations, and foreign institutional investors selling in Indian markets intensified bearish sentiment. India, Vietnam, and Israel have initiated discussions to mitigate the fallout from Trump's tariffs, with negotiators hoping to secure bespoke trade agreements. Markets fear uncertainty and will not wait for these issues to be eventually resolved. Indian markets are likely to slump at the opening today. Global correction has gained momentum. Risky assets are under intense selling pressure. The sharp weakness in global markets is likely to leave its footprint on Indian markets. Nifty could slide down to 22000-21900 zone (near previous swing low of 4th March and also crucial bottom).…

Stock Market Updates

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Opening Bell - 04 / 04 / 25 2:39

منذ 13 weeks2:39

2:39

Opening Bell - Morning Commentary Trump Tariffs Stir Recession Fears Wall Street benchmarks slumped on Thursday, ending with the largest one-day percentage losses in years, as U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession. The S&P 500 lost 275 points, or 4.85%, to end at 5395 points, while the Nasdaq Composite dropped 1053 points, or 5.99%, to 16547. The Dow fell 1682 points, or 3.98%, to 40542. S&P 500 companies lost a combined $2.4 trillion in stock market value, their biggest one-day loss since the coronavirus pandemic hit global markets on March 16, 2020 The bruising selloff across markets came after Trump on Wednesday announced Washington's steepest trade barriers in more than 100 years, sending investors scrambling for safety assets. Fed Chair Jerome Powell is due to speak on Friday and investors will be looking out for his latest assessment of the U.S. economy and any clues on the policy outlook following Trump's fresh tariff salvo. Asian shares fell to the lowest level in two months, extending a global selloff in stocks after President Donald Trump’s latest tariff measures drove investors into haven assets. Japanese shares sank to the lowest level since August. Markets in China and Hong Kong are closed today. Crude Oil sold off severely and the dollar extended its drop. Indian marekts suffered less than their Asian peers Thursday after President Donald Trump’s tariff measures were perceived as less severe on the India's economic growth and corporate profits. India’s relative advantage in US tariff exposure over other Asian exporters could unlock powerful tailwinds for its exports. With US tariffs on Chinese and Vietnamese goods over 50% and 40%, respectively, India’s more moderate 26% rate positions it to capture a slice of shifting supply chains. Many corporations have announced their monthly and quarterly business updates, which show encouraging signs of qurterlt profit growth, and that will drive the markets in the near term. We are witnessing consolidation in the cement sector as several large groups have acquired smaller production capacities from defunct groups and these cement stocks will hog the limelight today. The Nifty opened sharply lower yesterday but demonstrated remarkable resilience, quickly recouping most of its losses in the first half of the trading session. Mid and small-cap indices continued to outperform the benchmark indices. For the last three consecutive sessions, Nifty has been finding support at 50 days EMA, placed at 23129. A level below 23129 could drag Nifty towards the next support level of 22917, which happens to be 50% retracement level. On the upside, any level above 23400 could lead to the resumption of an uptrend. The Nifty is slated to open with marginal losses, although showing remarkable resilience compared to the significant declines in US markets overnight after President Donald Trump's tariff announcements shook global markets.…

Stock Market Updates

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Opening Bell - 03 / 04 / 25 2:08

منذ 14 weeks2:08

2:08

Opening Bell - Morning Commentary Global stock markets plunge after Trump announces harsher-than-expected tariffs President Donald Trump laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Trump, who referred to April 2 as "Liberation Day", made the announcement from the Rose Garden of the White House in an event attended by steel and auto workers. A minimum 10% tariff on all exporters to the U.S. and slap additional duties on around 60 nations with the largest trade imbalances with the U.S. That includes substantially higher rates on some of the country’s biggest trading partners, such as China — which now faces a tariff of at least 54% on many goods — the E*uropean Union and Vietnam*. However, Canada and Mexico have been spared from additional tariffs. India, facing 26% tariffs, has been subject to what Trump describes as 'discounted' reciprocal taxes. The fine print of President Trump's executive order indicates that reciprocal tariffs won't apply to autos, semiconductors, steel, aluminium, copper and other products already targeted or potentially still to be targeted by sectoral tariffs. The prospect of a radical escalation in the global trade war in coming days has nearly doubled the probability of a recession in the U.S. economy in the next twelve months. U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs, raising the risks of a global trade war that hits the already sputtering U.S. economy. Reciprocal Tariffs - Blessing in disguise for some Trump's tariffs do not impact local businesses in general but the sectors with high exposure to the US markets. For example, India exported textiles and apparels worth $9.6 billion to the US, about 28% of all exports in the category, in FY24. However, the latest round of tariffs may help Indian exports get more competitive compared to China and Vietnam, which had a market share of 21% and 19% respectively, compared to India's 6%. The reciprocal tariffs on China have increased the duties by 34% for China, 46% for Vietnam and by 37% for Bangladesh. Pharma sector seems to have been excluded from tariffs announced by Trump administration. Key stocks with higher revenue mix from the US are Aurobindo (48%), Zydus (47%) and Dr Reddys (46%). A 26% tariff could have a potential impact of $30 billion on India's gross domestic product (GDP), That would amount to about 0.7% of the $4.3 trillion GDP India's likely to have by the end of the calendar year 2025, as per the International Monetary Fund (IMF). Markets to plunge at open – BFSI & Pharmaceuticals will be in demand Gloabl stock markets plunged and haven assets rallied as investors rushed for safety after US President Donald Trump unveiled reciprocal tariffs that were more aggressive than expected, sparking concerns over inflation and growth. Indian stock market will react negatively to protectionist US policies, as they increase global risk aversion. FPIs could reduce exposure to emerging markets, leading to volatility. Nifty is likely to open gap-down and 23100 – 22917 zone could offer support to the markets. After opening sharply lower, short covering and buying support are expected to emerge at lower levels as the event related uncertainties are behind us. Domestically-focused sectors and those exempted from tariffs, particularly BFSI and pharmaceuticals, may provide market stability.…

Stock Market Updates

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Opening Bell - 01 / 04 / 25 1:56

منذ 14 weeks1:56

1:56

Opening Bell - Morning Commentary All Eyes on April 2 US Tariff Announcement The American stock market faces a significant challenge in the forthcoming week as President Donald Trump's tariff implementation deadline approaches alongside an employment report that may potentially reveal economic deceleration. The S&P 500 and the Nasdaq Composite posted on Monday their worst quarterly performances since 2022, as uncertainty around the Trump administration's economic agenda roiled U.S. equity markets in the first quarter of 2025. The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022. President Trump announced last week a substantial 25% tariff on automobile imports, a measure that could potentially increase the average vehicle cost in the United States by several thousand dollars. This automotive tariff pronouncement precedes the highly anticipated reciprocal tariff announcement scheduled for April 2. Gold prices have spiked towards $3,125 per ounce, scaling their fresh historic highs at $3161, driven by its safe-haven appeal. Indian equities exhibited volatility as potential U.S. reciprocal tariffs weighed on IT and automotive sectors, maintaining a cautious market sentiment throughout the past few sessions. From the weekly high of 23869, Nifty witnessed a profit booking of more than 450 points towards 23412. Violation of 23400 support in Nifty could drag it towards the next support of 38.2% and 50% retracement levels placed at 23141. Indian markets are poised to open approximately 1% lower on Tuesday following the Eid holiday, responding to two consecutive sessions - Friday and Monday of weaker global market conditions.…

Stock Market Updates

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Opening Bell - 28 / 03 / 25 2:04

منذ 14 weeks2:04

2:04

Opening Bell - Morning Commentary* *Wall Street ends lower as investors digest Trump's auto tariffs; Indian smaller stocks to remain in demand today.* Stock indexes fell for a second day as markets digested the latest round of tariff announcements. President Trump announced yesterday that he would slap *25% tariffs on automotive imports* to the U.S. General Motors, Stellantis and other automakers fell sharply. Stocks of international rivals such as BMW, Toyota and Hyundai that export to the U.S. also came under pressure. The S&P 500 dropped 0.3%, while the Nasdaq shed 0.5% and the Dow Jones Industrial Average was 0.4% lower. *Defensive segments outperformed* with consumer staples and health care among the top performing sectors of the S&P 500. The S&P 500 and Nasdaq are both on course to conclude the first quarter of 2025 in negative territory. So far in 2025, the *S&P 500 has lost about 3% and the Nasdaq is down almost 8%.* Auto tariff announcement comes ahead of the highly anticipated reciprocal tariff announcement on April 2nd. Recent commentary has suggested the U.S. administration *could take a more lenient approach when applying reciprocal tariffs*, perhaps allowing for negotiations, although, the final outcomes remain uncertain. *US GDP* growth rate has slowed in the last qurter of 2024, according to the latest economic data. The actual GDP growth rate came in at 2.4%. This figure is slightly higher than the forecasted growth rate of 2.3%, but it is s*ignificantly lower than the previous growth rate of 3.1%*. Gold prices rose to a fresh all-time high on Thursday, bolstered by safe-haven inflows following U.S. President Donald Trump's announcement of new auto tariffs. *Bullion prices touched a record high of $3058 per ounce to mark a gain of over 15% this year.* *The Bank of Mexico* delivered a unanimous 50-basis-point *interest rate cut* to 9.00% on Thursday, highlighting progress on inflation but warning of heightened uncertainty relating to trade tensions and a weakening economy. NSE's plan to shift its derivatives expiry day to Monday from Thursday has been put on hold as SEBI has advised exchanges not to tweak the schedule until a new policy kicks in. SEBI floated a consultation paper proposing that the expiry day could be on Tuesday or Thursday. NSE had earlier proposed to shift its expiry to Monday from Thursday, with the change kicking in from April 4. Nifty resumed its upward journey gained 105 points to close at 23591 yesterday on the day of monthly derivative expiry, as anticipated, Nifty found support near 23400 and made a strong recovery of over 200 points from the day's low of 23412. We are initiating the April series with an unprecedented open interest of 1,145 crore shares in the stock futures segment. Foreign Institutional Investors (FIIs) have begun covering their short positions from the March series. *60% of their total outstanding positions remain on the short side*, indicating potential for further short covering in the coming days—a development that bodes well for bulls. Furthermore, *80% of F&O stocks have exhibited long build-up* or short covering, suggesting a positive bias for the April series. After experiencing two days of profit booking, the Nifty Midcap and Small Cap Indices have resumed their upward trajectory. While benchmark indices are expected to open with slight softness due to mild selling in larger stocks, we anticipate that *mid and small-cap stocks* will maintain a positive momentum, driven by robust demand from *local institutional investors.*…

Stock Market Updates

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Opening Bell - 27 / 03 / 25 2:21

منذ 15 weeks2:21

2:21

Opening Bell - Morning Commentary Wall Street ends down sharply on tariff worries U.S. equity markets experienced a notable downturn, breaking a three-day winning streak. Equity-market weakness was primarily concentrated in growth sectors of the market following a report that NVIDIA could face more stringent regulations in China, which weighed on sentiment for the broader technology sector. The S&P 500 index declined 1.1%, settling at 5,712 points, while the technology-heavy NASDAQ Composite suffered a more pronounced slide, dropping 2% to close at 17,899. U.S. stock futures fell on Wednesday evening after President Donald Trump said he will impose tariffs on automobile imports, while technology stocks sank on some doubts over artificial intelligence demand. U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production. After the announcement, U.S. automakers lost ground - General Motors slumped 6%, while shares in Ford fell almost 5%. On the economic front, durable goods orders rose by 0.9% in February, above expectations for a -1% contraction. The stronger-than-expected February reading followed a robust 3.3% monthly gain in January, likely driven by companies attempting to front-run tariffs by placing goods orders before tariffs take effect. Asian shares skidded with Wall Street on Thursday after U.S. President Donald Trump announced new tariffs on all auto imports, ratcheting up a global trade war that risks fuelling inflation. In currency markets, the dollar index, rose 0.5% overnight to 104.7, the highest in three weeks. After a seven-day rally, the Indian stock market paused on Wednesday. The market's momentum stalled as traders digested recent gains and assessed geopolitical uncertainties. The Nifty has retreated more than 400 points from its recent high of 23,869 but remains positioned above key moving averages. Immediate support is placed near 23,400, coinciding with 100 and 200-day exponential moving averages. A strong support exists at 23,141, representing a 38.2% retracement of the recent up move. Potential resistance levels are anticipated at 23600 and 23869. On the final day of the financial year, tax loss harvesting will trigger a series of price fluctuations, as some investors will choose to sell underperforming assets to offset capital gains and minimize tax liabilities. Indian markets are likely to open subdued today on soft global cues.…

Stock Market Updates

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Opening Bell - 26 / 03 / 25 2:06

منذ 15 weeks2:06

2:06

Opening Bell - Morning Commentary Markets poised for a higher start US equity markets advanced on Tuesday, driven by gains in communication services and consumer discretionary sectors. Market participants reacted to consumer sentiment data and anticipated a potentially more accommodating trade policy from the Trump administration in the coming week. Asian stocks saw modest gains in early trading on Wednesday as investors looked for a clear direction amid weaker US consumer confidence and a late rally in US equities. The U.S. dollar declined against major international currencies. Oil prices climbed on Wednesday in early Asia trade on concerns of tighter supplies after U.S. President Donald Trump threatened tariffs against countries importing oil and gas from Venezuela and after U.S. crude inventories fell more than expected. Indian equity markets registered marginal gains and extending their winning streak to seven days yesterday. Initial bullish momentum, spurred by a robust global market rally, dissipated as banking, metal, and pharmaceutical sectors faced selling pressure. FIIs purchased shares worth Rs 5,371 on March 25, while DIIs net sold shares worth Rs 2,768.87 crore, on March 25. Since resuming buying, FIIs have net bought shares worth Rs 19,136.83 crore in the last few sessions. The Indian rupee snapped its nine-day appreciation, depreciating by 11 paisa to ₹85.75 against the dollar, attributed to month-end dollar demand from importers Following a 1,900-point recovery from recent swing low of 21964, the Nifty appears to have entered a consolidation phase. While the overall bullish trend persists, support is anticipated at 23,400. Short-term resistance is pegged at 23,869, with further resistance at 24,125. Indian markets are likely to open mildly higher in line with positive global cues.…

Stock Market Updates

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Opening Bell - 25 / 03 / 25 2:18

منذ 15 weeks2:18

2:18

Opening Bell - Morning Commentary Trump's Conciliatory Tone Boosts Market Confidence Markets closed higher Monday on reports that the Trump administration may initially pursue a narrower set of reciprocal tariffs on a group of countries that represent the majority of U.S. trade This could reduce the scope of the inflation impact of tariffs, while also potentially facilitating trade negotiations. Consumer discretionary and communication stocks posted the largest gains, reflecting a risk-on tone to the trading session. Tesla surged almost 12% in its biggest one-day gain since early November, recovering some of its recent steep decline, helped by optimism about scaled-back U.S. tariffs. The S&P Flash U.S. Services PMI, rose to 54.3 for March, above forecasts for a modest decline to 50.8. Trump opened another front in a global trade war by slapping 25% secondary tariffs on any country that buys oil or gas from Venezuela, a directive that sent oil prices climbing. Trump's latest move might impact India and companies like IOC & Reliance, which resumed crude oil imports from Venezuela after the US eased sanctions on the Latin American country in late 2023. Reliance sources around 10% of its daily requirements from Venezuela. Asian stocks climbed early on Tuesday, following a strong session for US equities. Signs that President Trump's trade sanctions might be less severe than expected boosted market sentiment in Australian and Japanese markets. The Nifty index continued its upward trajectory, rising for the sixth consecutive session, bolstered by broad-based buying. It gained 307 points, or 1.32%, to close at 23,658 yesterday. It managed to close above its long-term exponential moving average of 200 days, placed at 23400. By surpassing 23612, Nifty has retraced more than 38.2% of the entire downswing seen from all-time high of 26277 to the recent swing low of 21964. Immediate resistance for Nifty is seen near its previous swing high of 23807 levels, while far resistance is seen at 50% retracement placed near 24125 levels. Support has shifted upwards at 23400. Indian markets are slated for a positive start, bolstered by Trump's conciliatory tone on tariffs, sustained short-covering activities by foreign investors, and robust institutional buying in cash markets.…

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