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Global markets rallied as the US Federal Reserve maintained steady interest rates, boosting investor sentiment. Major US indices closed higher:
Dow Jones: +383.32 points (+0.92%) to 41,964.63
S&P 500: +60.63 points (+1.08%) to 5,675.29
Nasdaq Composite: +246.67 points (+1.41%) to 17,750.79
US Treasury yields dipped, further supporting equity markets. Asian markets followed suit, with Australia and South Korea posting gains, while Hong Kong remained flat. Japanese markets were closed for a holiday.
Also Read: Setback for Vodafone Idea, Bharti Airtel as AGR Waiver No Longer Considered
Indian markets maintained their bullish momentum:
Nifty 50 surged past 22,900, aiming for 23,000-23,200 levels
SENSEX gained 147.79 points (+0.20%) to close at 75,449.05
Sectoral Performance
Most sectors ended in the green, except for IT and FMCG. Strong buying interest was seen in:
Consumer Durables
Capital Goods
Realty
Oil & Gas
Metals
PSU Banks
FII-DII activity reflected a bullish sentiment:
FIIs: Net sellers (-₹1,096.50 crore)
DIIs: Net buyers (+₹2,140.76 crore)
Also Read: Vedanta Targets Zero Debt in 3-4 Years, Plans $3.5 Billion Reduction by 2027
1. Dishman Carbogen’s France-based Arm Receives GMP Compliance
Carbogen Amcis SAS (France), a subsidiary of Dishman Carbogen, has received a GMP Compliance Certificate for its Saint-Beauzire site from the National Agency for the Safety of Medicine and Health Products (ANSM), reinforcing its regulatory position in pharmaceutical manufacturing.
2. Indian Overseas Bank Launches QIP Worth ₹2,000 Crore
IOB has launched a Qualified Institutional Placement (QIP) at a floor price of ₹42.70 per share. The issue size is up to ₹2,000 crore, with a base size of ₹1,000 crore and an upsize option of another ₹1,000 crore. The indicative price of ₹40.57 per share represents a 7.4% discount to the current market price.
Nifty extended its upward trend for the third consecutive session, forming a small bullish candle signaling consolidation with a positive bias.
Resistance Levels: 23,000 - 23,200 (Key trendline resistance)
Support Levels: 22,500 - 22,600 (20-day EMA & bullish gap support)
Short-term Target: 23,500
Intraday Levels for Nifty:
Resistance: 23,040 & 23,170
Support: 22,800 & 22,690
Intraday Levels for Bank Nifty:
Resistance: 50,070 & 50,280
Support: 49,480 & 49,230
Also Read: What is Scalp Trading and How does it Work?
Following the Fed's steady rate stance, Wall Street rallied, and Asian stocks tracked these gains. Australia and South Korea posted advances, while Hong Kong markets remained muted after declines in US-listed Chinese stocks.
Market participants will closely monitor the Fed’s commentary for further guidance on interest rate trajectories. Stay updated with our in-depth options chain analysis, including key levels and options activity trends, to make well-informed trading decisions.
Also Read: India proposes 12% safeguard duty on flat steel imports for 200 days
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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