🌍 Global Highlights
- Federal Reserve: Markets expect a 25 bps rate cut this week, while a 50 bps cut looks unlikely. The U.S. dollar is near a multi-month low.
- Oil: Prices remain steady amid concerns over supply disruptions from drone strikes on Russian refineries. Brent trades near $67.5 and WTI around $63.3.
- Global equities: U.S. indices (S&P 500, Nasdaq) hit fresh highs on tech gains and easing trade worries. Asian markets are stable ahead of the Fed decision.
- Trade front: U.S.–China tensions ease with progress on technology agreements. India–U.S. trade talks are boosting market sentiment.
🇮🇳 India Market Highlights
- Opening outlook: Nifty and Sensex are likely to open higher today, tracking positive global cues.
- Key Nifty levels: Resistance at 25,150–25,500, support around 24,900.
- Monday recap: Markets closed slightly lower; Sensex fell ~100 points, Nifty slipped below 25,100. IT stocks dragged, while autos and financials lent support.
- Stocks in focus:
- Bajaj Finance hit a 52-week high.
- Dr. Reddy’s underperformed peers in pharma.
- Maharashtra Scooters announced a massive 1,600% interim dividend, lifting the stock.
- Analyst picks: Aditya Birla Real Estate, AU Small Finance Bank, Nykaa, Prestige, and GMR Airport are on trader watchlists for short-term opportunities.
⚡ Overall sentiment: Positive start expected for Indian markets, backed by global cues and easing trade worries. Oil stability and Fed rate cut expectations remain key drivers.
