Timber companies in cameroon Synopsis
Indian markets saw a pause on Friday, with the Nifty dipping due to a significant IT stock sell-off. Investors are closely watching the monsoon’s progress, as below-normal rainfall raises concerns about crop planting, food prices, and rural spending. Despite some pullback, the market’s technical outlook remains positive, encouraging a buy-on-dips approach. Listen to this article in summarized format
ETMarkets.com India VIX, which is a measure of the fear in the markets, rose 2.3% to settle at 12.97 levels. Domestic markets witnessed some consolidation on Friday after the recent three-day upmove, with the Nifty ending lower, largely dragged by a sharp sell-off in IT stocks. Going forward, analysts say investors also remain watchful of the monsoon situation, with cumulative June rainfall so far tracking 38% below normal amid ongoing El Niño conditions.
Any further delay in monsoon progression could heighten concerns over kharif sowing, food inflation and rural demand. STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 65 points, or 0.27 per cent, at 24,154, signaling that Dalal Street was headed for a positive start on Monday.
Tech View: Momentum remains positive despite some consolidation. Overall, the technical outlook remains bullish, with support placed at 23,900 and positional support at 23,800, while resistance is seen in the 24,200–24,250 zone. A buy-on-dips strategy should be adopted. India VIX: India VIX, which is a measure of the fear in the markets, rose 2.3% to settle at 12.97 levels. Asian shares slip
Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to price in more risk of higher U.S.
interest rates. S&P 500 futures fell 0.4% as of 9:21 a.m. Tokyo time Hang Seng futures were unchanged Japan’s Topix rose 0.7% Australia’s S&P/ASX 200 fell 0.2% Euro Stoxx 50 futures fell 0.5% Oil rises
Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between U.S. and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start. Dollar firm
The dollar was firm on Monday as uncertainty clouded a tentative U.S.-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran’s announcement it had closed the Strait of Hormuz. Stocks in F&O ban today
1) Kaynes
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. Rupee
The Indian rupee ended largely unchanged against the dollar after a choppy session on Friday, as weakness in regional currencies largely offset the unwinding of long dollar positions, but the currency posted its best week in the last 11 on debt inflows.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not
represent the views of Economic Times)
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(What’s moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
…more less