Summary:
Nifty 50 and Bank Nifty are set for a cautious open amid weak global cues and sustained FII selling. Traders are watching Q1 earnings, sector rotation, and inflation signals.
Global Market Cues
| Index | Last Close | Movement |
|---|---|---|
| Dow Jones | 39,270 | â–² +0.1% |
| Nasdaq | 18,160 | â–¼ -0.2% |
| Nikkei 225 | 41,320 | â–² +0.3% |
| Hang Seng | 17,310 | â–¼ -0.6% |
| Brent Crude | $84.12/barrel | â–¼ -0.4% |
| USD/INR | ₹83.46 | ➖ Stable |
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US markets were largely rangebound ahead of more Fed commentary
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Crude oil dipped on Chinese demand concerns
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Asian cues are mixed; traders globally remain cautious ahead of earnings
SGX Nifty Indicates a Subdued Start
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SGX Nifty is trading around 25,210 — down 15 points
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Suggests a flat-to-negative open for Indian equities
Top 5 Market Triggers to Watch Today
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FII Activity: Foreign investors pulled out ₹1,200 crore in the last session
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Q1 Results: Key earnings from Infosys, HCLTech, and LTIMindtree this week
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Inflation Watch: WPI inflation data due today
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Crude & Currency Moves: A strengthening dollar may put pressure on emerging markets
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IPO Listing Buzz: Secondary market action in smallcaps remains strong
Sectors in Focus
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IT Stocks: Reaction to upcoming earnings and hiring commentary
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Banking & Financials: Caution prevails amid rangebound Bank Nifty
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Auto & FMCG: May show defensive strength amid volatile trade
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Realty: Watch for signs of fatigue after strong recent rally
Stocks to Watch Today
| Stock | Why It Matters |
|---|---|
| Infosys | Q1 results tomorrow — expected margin pressure |
| HDFC Bank | Faces technical resistance at ₹1,720 |
| ONGC | Brent decline may weigh; global cues in focus |
| Tata Motors | Strong June numbers; EV buzz building again |
| LIC | FII selling persists; trading below key averages |
Technical View
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Nifty 50:
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Support: 25,100
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Resistance: 25,350
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RSI cooling off; cautious tone expected in early trades
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Bank Nifty:
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Support: 56,800
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Resistance: 57,500
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Rangebound setup with bearish bias if FIIs stay out
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Bottom Line
Markets are in wait-and-watch mode ahead of major earnings and macro data. FIIs continue to sell, and traders are advised to remain stock-specific and cautious in leveraged positions. The trend remains mildly negative unless Bank Nifty shows resilience.
Disclamer - This article is for informational purposes only and does not constitute financial advice. Please consult a qualified advisor before making investment decisions.
