Stock Market Today: Gift Nifty Up 130 Pts; Key Levels To Watch For Nifty, Sensex & Nifty Bank

Indian banal markets are group to unfastened higher connected Monday amid a slew of affirmative cues. However, traders crossed nan globe will beryllium looking astatine cardinal net from nan awesome companies amid nan worries of economical slowdown. Also, advancement connected nan waste and acquisition tariffs shall beryllium keenly watched by nan traders.

Nifty futures connected nan NSE International Exchange traded 131.40 points, aliases 0.54 per cent, higher astatine 24,274.50, hinting astatine a affirmative commencement for nan home marketplace connected Monday. Asian stock markets made a cautious commencement connected Monday but moved higher arsenic disorder complete nan waste and acquisition argumentation showed small motion of easing, successful a week packed pinch awesome economical information and mega-tech earnings.

Newsflow bespeak immoderate softness successful nan US-China tariff war, while India is expected to beryllium person to signing a waste and acquisition woody pinch nan US. Geo-political developments betwixt India and Pakistan could adhd volatility to nan Indian market, said Siddhartha Khemka, Head of Research astatine Motilal Oswal Financial Services. "Stock/sector circumstantial action would proceed connected nan backmost of ongoing Q4 net announcements," he said.

In nan Asian pack, Japan's Nikkei roseate 0.73 per cent, while Australia's ASX 200 roseate 0.75 per cent for nan day. New Zealand's DJ rallied 1.25 per cent, while South Korea's KOSPI added 0.19 per cent. Hong Kong's Hang Seng was down 0.61 per cent, while Shanghai fell 0.35 per cent successful nan early trade.

Wall Street precocious connected Friday, notching play gains arsenic investors parsed a spate of net and looked for signs of easing tensions successful nan US-China waste and acquisition dispute. The Dow Jones Industrial Average roseate 0.05 per cent to 40,113.50, nan S&P 500 gained 0.74 per cent to 5,525.21 and nan Nasdaq Composite jumped 1.26 per cent to 17,382.94.

Oil prices made a quiet start, having been pressured successful caller weeks by worries of a world economical slowdown and plans for accrued proviso from OPEC. Brent roseate 13 cents to $66.98 a barrel, while US crude added 7 cents to $63.09 per barrel. The dollar scale was dependable astatine 99.695. The tentative betterment successful consequence sentiment saw golden easiness backmost to $3,307 an ounce.

Stocks successful nan adjacent to mean word will proceed to respond to Q4FY25 results, guidance commentary, geo-political events and improvement pinch respect to tariff war, said Shrikant Chouhan, Head equity Research, Kotak Securities. "Lower lipid prices, expected normal monsoon and complaint cuts are positives for nan Indian equity markets," he said.

Provisional information disposable pinch NSE propose that FPIs turned nett buyers of home stocks to nan tune of Rs 2,952.33 crore connected Friday. On nan different hand, home organization investors (DIIs) turned nett sellers of Indian equities to nan tune of Rs 3,539.85 crore. FPIs person pumped Rs 17,425 crore successful nan Indian equities successful nan period of April truthful far, amid rising panic tensions.

There is simply a chopped inclination reversal successful FII strategy successful India. During nan past 8 days FIIs were sustained buyers successful nan Indian market, said VK Vijayakumar, Chief Investment Strategist astatine Geojit Investments. "An absorbing constituent successful this reversal of FII strategy is that it has happened astatine a clip of heightened India-Pak tensions pursuing nan Pahalgam panic attacks," he said.

Nifty50 outlook
Key support levels to watch are astatine 23,800, 23,500, and 23,400, while guidance is apt adjacent 24,200, 24,500, and 24,600, said Choice Broking. "A break beneath 23,800 could accelerate nan correction, whereas a adjacent supra 24,500 is needed to revive bullish momentum. Until clarity emerges connected nan geopolitical beforehand and firm earnings, a cautious and stock-specific attack is recommended," it said.

If geopolitical tensions escalate aliases this support is breached, a deeper correction towards nan 23,500–23,300 area could unfold. On nan upside, while nan broader inclination remains bullish, contiguous guidance is seen astatine 24,250–243,50, said Rajesh Bhosale, Equity Technical Analyst astatine Angel One. A move supra this area would corroborate a continuation of nan superior uptrend, he said.

Nifty Bank outlook
Bank Nifty formed a carnivore candle pinch a little precocious and little debased signaling consolidation pinch corrective bias, said Bajaj Broking. "We expect nan scale to consolidate successful nan scope of 53,500-55,500, moving disconnected nan overbought information developed aft nan caller beardown rally.  The cardinal support guidelines is placed astatine 54,000-53,500 levels, nan caller awesome breakout area," it said.

The 54,500 area is simply a cardinal support to watch successful nan coming sessions. A sustained breakdown beneath 54,500 could unfastened nan gates for further downside towards 54,000 and 53,500, levels wherever buying liking is apt to emerge, said Choice Broking. "If Bank Nifty manages a beardown adjacent supra 55,500, it could resume its upward momentum. Traders are advised to support a cautious approach," it said.