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US stocks ended a volatile Friday mostly lower, with the Dow Jones falling over six hundred fifty points and the S&P five hundred down marginally, while the Nasdaq managed a slight gain as tech stocks partially recovered.
Major US tech companies like Nvidia, Microsoft, and Oracle saw gains between one and two percent following a previous sharp selloff, but overall concerns about December Federal Reserve rate cuts kept investors cautious.
Infosys ADR dropped one point eight-three percent to sixteen dollars and sixty-five cents, signaling IT sector weakness; HDFC Bank ADR was up point four-seven percent, ICICI Bank ADR rose point five-eight percent, and Reliance Industries GDR remained flat.
Asian markets showed negative sentiment with the Nikkei opening slightly lower, the Hang Seng falling one point nine percent, and the Shanghai Composite declining nearly one percent, while Gift Nifty traded around twenty-six thousand, suggesting a positive open for Indian equities.
No major overnight geopolitical shocks impacted sentiment; US-India trade negotiations continue without new tariff announcements, and commerce discussions include proposals like corn purchases linked to India's ethanol plans.
Domestic Institutional Investors have provided strong support for Indian markets, offsetting cautious Foreign Institutional Investor outflows, while robust buying and RBI’s dovish outlook add confidence; inflation dropped to a thirteen-year low and several dividend stocks go ex-date today.
Nifty fifty faces resistance around twenty-six thousand and twenty-six thousand one hundred, with support near twenty-five thousand seven hundred; a close above resistance could push the index toward fresh highs.
Crude oil is steady near sixty-four dollars and fifty cents per barrel, gold remains elevated at around four thousand one hundred per ounce, and silver trades near fifty-one dollars, with base metals showing no major changes.
Traders should watch for volatility in tech stocks at open, lean on robust DII support and Gift Nifty cues, and avoid chasing initial market strength, waiting for a bounce off support levels before making new trades.
By Prem ( iFinStrats )US stocks ended a volatile Friday mostly lower, with the Dow Jones falling over six hundred fifty points and the S&P five hundred down marginally, while the Nasdaq managed a slight gain as tech stocks partially recovered.
Major US tech companies like Nvidia, Microsoft, and Oracle saw gains between one and two percent following a previous sharp selloff, but overall concerns about December Federal Reserve rate cuts kept investors cautious.
Infosys ADR dropped one point eight-three percent to sixteen dollars and sixty-five cents, signaling IT sector weakness; HDFC Bank ADR was up point four-seven percent, ICICI Bank ADR rose point five-eight percent, and Reliance Industries GDR remained flat.
Asian markets showed negative sentiment with the Nikkei opening slightly lower, the Hang Seng falling one point nine percent, and the Shanghai Composite declining nearly one percent, while Gift Nifty traded around twenty-six thousand, suggesting a positive open for Indian equities.
No major overnight geopolitical shocks impacted sentiment; US-India trade negotiations continue without new tariff announcements, and commerce discussions include proposals like corn purchases linked to India's ethanol plans.
Domestic Institutional Investors have provided strong support for Indian markets, offsetting cautious Foreign Institutional Investor outflows, while robust buying and RBI’s dovish outlook add confidence; inflation dropped to a thirteen-year low and several dividend stocks go ex-date today.
Nifty fifty faces resistance around twenty-six thousand and twenty-six thousand one hundred, with support near twenty-five thousand seven hundred; a close above resistance could push the index toward fresh highs.
Crude oil is steady near sixty-four dollars and fifty cents per barrel, gold remains elevated at around four thousand one hundred per ounce, and silver trades near fifty-one dollars, with base metals showing no major changes.
Traders should watch for volatility in tech stocks at open, lean on robust DII support and Gift Nifty cues, and avoid chasing initial market strength, waiting for a bounce off support levels before making new trades.