A lady walks previous the Bombay Stock Exchange (BSE) constructing, in Mumbai(PTI/File)
Both benchmark indices posted early features, though investor sentiment stays cautious as markets await readability on main world developments, notably the Trump administration’s proposed tax cuts invoice within the US.
The Nifty 50 index opened at 25,551.35, registering a acquire of 34.30 factors or 0.13 per cent. The BSE Sensex rose by 79.20 factors or 0.09 per cent to open at 83,685.66. Despite the early features, the general market tone stays watchful.
Ajay Bagga, Banking and Market Expert, advised ANI, “Asian markets are sideways, waiting for clarity on the Trump Tax cuts bill, trade deals and the US Jobs report. Indian markets saw FPIs selling on Monday and are expected to be sideways in a consolidating phase, waiting for global clarity.”
One of the important thing world elements affecting market sentiment is the numerous fall within the US greenback. The greenback index, which measures the buck’s energy towards a basket of six main currencies together with the pound, euro, and yen, has dropped greater than 10 per cent within the first half of 2025.
This marks the worst begin to a yr for the US greenback since 1973, when it had fallen 15 per cent following the collapse of the Bretton Woods system. It can be the weakest six-month efficiency since 2009.
Bagga added, “The One Big Beautiful Bill of tax cuts and deregulation of Trump 2.0 is at present being debated in the US Senate. It is expected to be passed before July 4th, though it may need to be sent back to the House of Representatives to endorse the Senate’s changes. That and the June US Non Farm Payrolls report this week will be the two market-moving catalysts, along with the expected announcement of trade deals with some major trading partners.”
In broader market indices on the NSE, Nifty 100 gained 0.09 per cent, Nifty Midcap 100 rose by 0.27 per cent, whereas Nifty Smallcap 100 surged 0.37 per cent.
Among sectoral indices, a blended pattern was noticed. Nifty FMCG rose 0.10 per cent, Nifty Media gained 0.16 per cent, and Nifty Realty superior by 0.77 per cent. On the draw back, Nifty Auto slipped 0.04 per cent, Nifty Metal dropped 0.23 per cent, and Nifty PSU Bank was down by 0.20 per cent.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, commented, “A bearish candle on the daily chart indicates temporary weakness. We believe 25,450/83,500 would act as a crucial level. Below 25,450/83,500, we may see a further correction towards 25,375-25,300/83,200-83,000. On the other hand, a sustained move above 25,450/83,500 may take the market to 25,600/83,900. The uptrend may continue further, potentially taking the market towards 25,670/84,100.”
As world cues stay unsure, the specialists famous that Indian markets are prone to commerce in a range-bound method, with traders carefully monitoring developments within the US Senate and key financial knowledge releases. (ANI)
