The sensex began the session at 81,354.85, Slightly Lower Than Its Previous Close of 81,361.87, but suined by 1,133 points or 1.4% to touch an intraday right of 82,494.49. Meanwhile, the nifty 50 opened at 24,787.65 compared to its prior close of 24,793.25 and climbed 1.4% to region an intraday peak of 25,136.20.
By the end of the trading day, the sensex had Advanced 1,046 points or 1.29% to close at 82,408.17, while the nifty 50 ended 319 points or 1.29% higher at 25,112.40.40.40.40.40.40.40.40.40.40.40.
“Markets Witnessed Consolidation after the Recent Spell of Subdued Trend, as Strong European Cues and Positive Dow Futures Trigered a Massive Rally in Local Benchmarks. Investors ALSO ALESO ALESO ALESO ALESO ALESO ALESO ALESO ALESO ALESO ALESO ALESO ALES ALESO ALES ALES ALESO ALESO ALESO ALESO ALES ALESO ALESO ALES ALESO ALES is ALES ALESO ALESO ALESO ALES Covering Ahead of Next Week’s Monthly Derivatives Expiry. Escalation in tension also fuel uncertainty and spook markets, “Said Prashanth Tapse, Senior VP (Research), Mehta Equites Ltd.
Indian Stock Market Trends
Markets remained in a consolidation phase for the fifth straight week but still closed with healthy gains, supported by reduced geopolitical tension and a revival in Foreign Investor (Faii) Activity, which boosted overall sent.
Although the week began on a subdued note, indices gained momentum in the latter half, driven larger by strong performances in heavyweight sector like banking and it. As a result, the benchmark indices – nifty and senses -finished Near their weekly highs at 25,112.40 and 82,408.17, respectively.
Rupak de, Senior Technical Analyst at Lkp Securities, said on nifty outlook, “nifty moved up sharply after three days of consolidation, resuming its short-term rally. Reclaimed the 21-day ema, which group provide further momentum for an upward movement. Higher Side, it may continue advancing towards 25,350 and beyond. “
On the bank nifty outlook, ajit mishra – SVP, Research, Religare Broking Ltd, said, “The banking index has demonstrated resilience, driven especially by renewed privately Like HDFC Bank and ICICI BANK, which has relatively inactive in recent weeks. The Index has Reclaimed Levels Above The 56,000 Mark and Cold No. GraD The downside, the 54,000–55,100 zone is expected to provide a cushion in case of a pullback. “
Here are the key triggers for stock markets in the coming week:
Israel -ran war
The conclusion of the israel -ran conflict group has a Major impact on Global Market Sentment. If the two nations Reach a Diplomatic Resolution, The Indian Stock Market May Witness a Strong Upward Breakout.
“The nifty, which has been trading with the 24,500-25,000 range for a month now, is likely to remain within this range in the near term. The upper side of the upper side of the range will be brookeen on news of Israel -ran conflict or an abrupt end to the war, “said vk vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
India-Rus Trade Deal
The US-India Trade Agreement is Expected to Play a Crucial Role In Influencing The Domestic Market. India is optimistic that the two nations will conclude the deal before the implementation of Trump’s ‘Reciprocal tarifs’ Scheduled for July 9.
IPO Activity: 17 New IPOS, 8 Listings
The Primary Market will witness opening of 17 new public issues next week, Including Six in Mainboard and Eleven in SME SEGMENT. Apart from new public issues, the market will also witness eight new listings next week.
Fii Activity
Foreign Institutional Investors (FIIS) Maintained their Buying Momentum on June 20, Recording a Net Equity Purchase of 7,940.70 Crore-The Third Highest Single-Day Inflow of the Year, as per provisional data. This is also marked the fourth straight day of Fii Inflows in June, Making it the longst thought streak for the month.
“The Trend of Foreign Portfolio Investment (FPI) Experienced A Reversal in April and Demonstrated Considerable Strengthaning in May, Characterized by positive inflows. Level observed in egght months, signifying a resurgence of interest from foreign investors in the Indian markets. Global UncertainTies, fosted a cautiously optimistic pattern in June, “said Vipul Bhowar, Senior Director – Listed Investments, Waterfield Advisors.
Crude Oil Pries
Oil prices declined on Friday after the US introduced new sanctions related to Iran, Signaling a Diplomatic Move that raised expectations of a positive negotiated resolution. This came a day after President Donald Trump Mentioned He could take up to two weeks to decide on us us participation in the israel -ran conflict. Brent Crude Futures Dropped By $ 1.84, or 2.33%, to close at $ 77.01 per barrel.
Technical View
According to Ajit Mishra of Religare Broking, NIFTY Has Once Again Approached the upper band of its consolidation range. “A sustained movie Above The 25,200 Level would confirm a breakout, potentially opening the door for a rally toward the 25,600–25,800 zone. On the downside, 24,700 and 24,400 will serve AS IMDIDITEE and CROUCIL Support Levels, “He said.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
Discover more from Gautam Kalal
Subscribe to get the latest posts sent to your email.
Be First to Comment