Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Bannerjee.

USDINR remains in an upward trend. With US markets shut, we may not get many moves today.

Get an insight into the commodities market for the week with Madhavi Mehta.

- Commodities fell for another week as growth worries were coupled with stronger US dollar, weaker risk sentiment

- Industrial metals continued to be the worst performers; gold slumped below $1800/oz while crude oil witnessed mixed movement

- The US dollar index edged up on safe haven buying and Fed’s tightening stance

- US DJIA index lower for the fourth time in five weeks; Chinese equities ended higher for the fifth consecutive week

- The US 10-year bond yield slipped to over 1-month low as safe haven buying pushed bonds higher

- Fed Chairman Jerome Powell said there is a risk the US central bank's interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation

- ECB President says said it’s unlikely that the world will soon go back to a low-inflation environment as a result of the pandemic and geopolitics

- Euro-zone consumer price rose at a record pace of 8.6% on the year in June as against forecast of 8.4% growth

- China’s manufacturing PMI moved above 50 level; first expansion in four months

- President Xi Jinping declared COVID Zero the most “economic and effective” policy for China

- G7 leaders reached a broad agreement to seek ways to impose a price cap on Russian oil

- Key events in the coming week include Fed and ECB monetary policy account; US non-farm payrolls report and services PMI from major economies

Join Rini Mehta to get a fundamental perspective on the trading week.

Highlights of 4th July ’22 Fundamental Weekly Podcast

- Equities continued last week’s recovery trend with Nifty losing 0.3%, while the BSE Sensex lost 0.21%.

- The rupee fell to all time low against the U.S. dollar to 79.11, as persistent foreign fund outflows weighed on investor sentiments.

- The US Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter.

- In June’22, FIIs remained net sellers to the tune of Rs. 58,112 crore.

- We expect FPI flows to remain volatile in the emerging markets.

- Weekly pick: SBI Life - The company’s APE (annualized premium equivalent) growth will likely remain robust at 18% CAGR over FY22-24E.

- Other picks: Mangalore Refinery & Petrochemicals - Any meaningful fall in crude oil prices might result in inventory losses for refineries, in general.

Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 15,900 will act as a major support level, while Nifty 15,670-15,700 will act as key support levels, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the auto and cement space.

Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Bannerjee.

USDINR may open flat, due to suspected intervention. Bias remains upward due to fragile global risk sentiments. However, momentum is missing in action. In crosses, Euro and GBP can see further downward movement.

Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 15,670 will act as a major support level. On the higher side, Nifty 15,860-16,000 will be the key resistance levels, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the financial, IT, auto, and FMCG space.

Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Bannerjee.

USDINR may open lower tracking global cues. Central bank intervention could be turning heavy around 79 on spot but at the same time, with offshore derivatives quoting a premium to onshore, there can be strong demand at lower levels.

Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 15,600 will act as a major support level, while Nifty 15,950 will be the resistance level. Avoid contra bets if the markets open lower, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from various sectors.

Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Bannerjee.

USDINR can continue to trade with a positive bias. Global cues will be supportive. But watch out for central bank intervention at higher levels.

Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 15,900 will act as a key resistance level for today. The strategy should be to trade long between 15,750 and 15,700 levels with a stoploss at 15,650 or 15,600 for more agressive bets, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the financials, IT, and auto space.