Good morning! Here’s a quick look at how the markets are set to open today:
🔹 Market Mood
- After sharp losses in the last two sessions, investors will keep a close watch on global cues and trade tensions.
- The recent U.S. tariff announcement on Indian goods remains the biggest concern for traders.
- Analysts suggest the Nifty50 needs to hold above 24,500 for stability; otherwise, selling pressure may continue.
🔹 Key Factors to Watch
- Global markets: U.S. and Asian stocks showed weakness overnight, which may influence Indian indices.
- Currency & oil: The rupee is under pressure, and crude oil prices are still volatile due to global trade worries.
- Foreign investors: Outflows remain high, with FPIs withdrawing billions in August.
🔹 Sectors in Focus
- IT & Pharma: Likely to stay under pressure after a weak performance this week.
- Metals & Energy: May see movement depending on global demand and commodity prices.
- Banking & Finance: Could provide some support if domestic economic data stays steady.
🔹 Stock Radar
- Watch out for heavyweights like TCS, Infosys, Reliance, HDFC Bank, and SBI, as their moves may set the market’s direction.
- Defensive stocks like Coal India and Titan may continue to attract buyers in a volatile environment.
🔹 Market Outlook
Traders should stay cautious as volatility is expected. Any signs of progress on trade talks or positive global cues could bring relief, but downside risks remain.
