5 days Ago
Indian stock markets are expected to take cues from fourth-quarter earnings, tariff-related updates, and key global macroeconomic data Sensex Today: Indian stock markets are expected to take cues from fourth-quarter earnings, tariff-related updates, and key global macroeconomic data, as the recent US tariff-related volatility shows signs of easing. At 7:08 AM, GIFT Nifty futures were trading at 23,284, roughly 50 points below the Nifty futures’ last close, indicating a muted start to the session. According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty has formed a Hanging Man candlestick on the daily chart—suggesting a potential pause in the ongoing rally.
However, the index also closed above the 100-EMA, pointing to continued strength. Additionally, the RSI has just entered a positive crossover. “Support is placed at 23,300; a decisive break below this level could trigger a correction towards 23,000.
Resistance is placed at 23,370 and 23,650," he said. Global Cues Overnight, US markets ended lower. The Dow Jones slipped 0.
38% to close at 40,368.96, the S&P 500 declined 0.17% to 5,396.
63, and the Nasdaq Composite dipped 0.05% to 16,823.17.
Futures were also under pressure, with Dow Jones futures down 0.5%, S&P 500 futures lower by 0.9%, and Nasdaq 100 futures off by 1.
5%. Asian markets opened mostly in the red. Japan’s Nikkei 225 was down 0.
33%, South Korea’s Kospi fell 0.29%, and Hong Kong’s Hang Seng declined 1.01%.
Meanwhile, China’s CSI 300 dropped 0.87%. Australia’s S&P/ASX 200 was the lone gainer, up 0.
17%..
