📈 Stock Market Update: Key Highlights
🏦 Bank Nifty Hits Record High
- Up 1.62%, reaching 55,100 — marking a new all-time high
📊 Market Performance
- 📅 Indian Markets: Posted significant gains during the shortened trading week
- Boosted by easing inflation (retail & wholesale), increasing hopes for policy stability
- 🇺🇸 U.S. Markets: Retreated amid elevated volatility and ongoing uncertainties
- Ongoing policy shifts and market turbulence continue to add to investor caution
🌍 Global Trade and Tariffs Update
- 🛑 U.S.-China tensions:
- 245% tariff on Chinese imports
- New chip export licensing requirements to China
- Boeing orders canceled by Beijing
- Discussions on automotive sector exemptions and potential pharmaceutical tariffs
- 🇮🇳 U.S. Vice President JD Vance’s visit to India: Hopes for a deal to alleviate tariffs while maintaining a 10% baseline tariff
🏦 Banking Sector & Earnings
- Large private banks leading the charge, reaching new all-time highs
- 📅 Quarterly results aligned with expectations, continuing to fuel market momentum
🔮 Market Outlook
- Mid-Cap & Small-Cap stocks: Positioned for outperformance in the coming period
- Nifty remains above key moving averages, signaling bullish strength
📉 Key Levels for Nifty
- Resistance: 24,050 (50% retracement of decline from 26,277 to 21,743)
- Support: 23,500
