Stay Updated: Global and Indian Market News and Financial Insights

Explore our blog for daily updates on business news, financial strategies, risk management, and insights into derivative trading. Discover resources for financial freedom and personal financing tips to empower your financial journey and make informed decisions in today's dynamic market landscape.

5/8/20241 min read

Market Update 🌐

  1. US Markets Close Positive:

    • Nasdaq: +0.64% 📈

    • S&P 500: +0.88% 📊

  2. Key Indicators:

    • Dollar Index: 108.13 💵

    • Brent Crude: $79.28 🛢️

    • 10yr Bond Yield: 4.58% 📉

  3. Global News:

    • Trump's Comments:

      • Potential 10% tariffs on China over Fentanyl flow.

      • Announces major infrastructural plans and AI infrastructure investments. 🏗️🤖

  4. Key Earnings to Watch:

    • HUL, HDFC Bank, BPCL, Pidilite, Persistent Systems. 📊👀

  5. Corporate Highlights:

    • Adani Energy: Wins ₹25,000 crore order from Rajasthan. 🎉

    • TCS: Crosses $20 billion in brand value, becoming the 2nd global IT services brand to achieve this milestone. 💻🌟

  6. Market Opening:

    • GIFT Nifty: Indicates a positive start with a gap-up opening of 70 points. 📈✨

  7. Institutional Activity:

    • FII: Sold ₹6,000 crore in the cash market. Total FII outflow since Jan 2025: ₹52,000 crore. 🚪

    • DII: Bought ₹3,500 crore. 🛒

  8. Key Levels:

    • Bank Nifty: Support at 48,200, Resistance at 49,000. 🏦

    • Nifty: Support at 22,800, Resistance at 23,200. 📈

  9. Stocks to Focus (Sell):

    • IndiaMart, ICICI Prudential, Dalmia Bharat.

Disclaimer: Only for educational purpose, Investing in market is subjected to market risk. We are not SEBI registered, Do your own analysis before investing.

© 2024. All rights reserved.