Markets turn mute over mixed Fed signal and continuous Trump rhetoric
In
the early morning session, the GIFT Nifty was down 0.1% at 25,193, indicating a
lower open for the benchmark Nifty 50. US and European equity futures were
trading mixed during Asian hours. S&P 500 futures was up 0.1% while Euro
Stoxx 50 futures down 0.5%. Earlier, the NSE Nifty 50 ended 0.13% lower at
25,169.50 and the BSE Sensex closed 0.07% down at 82,102.10.
Foreign
portfolio investors stayed net sellers of Indian shares for the second straight
session on Tuesday amid the benchmark Nifty ending in the red for the third
consecutive session. The FPIs sold stocks worth approximately Rs 3,551.19
crore, according to provisional data from the National Stock Exchange. The
Domestic institutional investors stayed net buyers for the 21st session and
bought stakes worth Rs 2,670.87 crore. In the last week, FPIs sold a stake
worth Rs 1,192.80 crore.
Fundamental Update
- Infosys - The company has extended its
strategic collaboration with Switzerland's Sunrise to accelerate IT
transformation and power AI-driven initiatives. Positive
- Minda Corporation -The company will start
commercial production of EV components from the beginning of FY26. Positive
- HCL Technologies - The company has renewed and
expanded its digital transformation pact with a Swedish auto manufacturer for
AI services. Positive
- Havells India - The company has announced that Lloyd
Kolors refrigerators are now available on Flipkart and other distribution
channels, starting at Rs 18,990. Positive
Technical Update
- NIFTY – Nifty traded weaker during yesterday’s session and closed 33 points lower at 25,169. Index tested support at 17 day EMA at 25,070 and recovered. Resistance lies at 25,300. Today’s range 25,050 – 25,300.
- BANKNIFTY – Bank nifty recovered smartly by over
300 points to settle at 55,505 on Tuesday. Index took support at 50 day EMA of
55,200 while resistance lies at 55,800. Today’s range – 55,200 – 55,800.
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checking the correctness and authenticity of the information before publishing
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in analysis or views obtained from the use of information contained in this
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