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Nasdaq Hits Record High as Markets Watch Powell Speculation

Synopsis:

Global markets gained after Trump eased Fed fears; Nasdaq hit a new high. Indian markets remained flat as Nifty formed a Doji. Sectoral gains, easing inflation, and cautious sentiment shaped the session.


Welcome to Markets Daily by Bajaj Broking, your trusted source for the latest market insights to keep you ahead of the curve. Let’s dive into what’s shaping the global and Indian markets today. Don’t forget to check out our Morning Podcast for more updates

Also Read: Stock Market Live Updates

Nasdaq Hits Record High as Markets Watch Powell Speculation

Global Market Overview

Global equities ended on a positive note as investor sentiment improved after President Donald Trump denied rumors of removing Fed Chair Jerome Powell. This statement eased concerns over policy instability, giving a push to US equities. The Nasdaq hit a fresh record high, while Treasury yields slipped and gold prices rose by 0.6%. Crude oil remained steady, and the Dollar Index hovered near 98.5.

Dow Jones: +0.5%

S&P 500: +0.3%

Nasdaq: +0.3% (New High)

Sector-wise, gains were led by healthcare, while energy underperformed.

In Asia, markets opened cautiously. Indices in Japan and South Korea edged slightly lower, reflecting mixed global cues and investor caution ahead of earnings and macro data.

Also Read: FMCG Sector Outlook in Monsoon: Riding the Rural Demand Wave

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278.315.94 (6.07 %)

Updated - 17 July 2025
283.70day high
DAY HIGH
263.95day low
DAY LOW
31430970
VOLUME (BSE)

Indian Market Snapshot

Indian indices ended flat in a range-bound session on July 16, with the Nifty forming a Doji candle, signaling market consolidation.

Sensex: +63.57 pts (0.08%) at 82,634.48

Nifty: +16.25 pts (0.06%) at 25,212.05

Broader markets saw modest traction, with Midcap and Smallcap indices recording marginal gains.

Top performing sectors: Realty, Auto, FMCG, IT, PSU Bank, and Media (+0.5% to 1.8%)

Lagging sector: Metal (-0.6%)

Sentiment saw a slight boost as India’s inflation continued to ease for the eighth consecutive month. However, global concerns—like a 50% copper tariff and persistent inflation—clouded the outlook for a near-term US Fed rate cut.

Also Read: Popular Monsoon Stocks Based on IMD’s Rainfall Outlook in 2025

Nifty Technical Outlook (Short-Term)

The Nifty formed a Doji candle with upper and lower wicks, reflecting indecision and consolidation. It has retraced just 50% of its prior rally—indicating a shallow correction and a higher base at 25,000.

Key Resistance: 25,255 (20-day EMA). A breakout may push the index towards 25,350–25,600.

Key Support: 25,000. If breached, watch for 24,900–25,100 levels.

Intraday Levels for Nifty

Resistance: 25,260 & 25,350

Support: 25,120 & 25,050

Bank Nifty Outlook

Bank Nifty remains in consolidation mode with resistance seen at 57,430–57,600 and support at 56,700–56,930. A break above 57,600 could trigger bullish momentum, while a drop below 56,700 may invite weakness.

Intraday Levels for Bank Nifty

Resistance: 57,430 & 57,600

Support: 56,930 & 56,700

Also Read: What is Impact of Monsoon on the Economy and Stock Market?

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