logo
Stock Market LIVE Updates: Gift Nifty jumps 100 pts, hints at positive start; Asian stocks trade higher

Stock Market LIVE Updates: Gift Nifty jumps 100 pts, hints at positive start; Asian stocks trade higher

Time of India2 days ago

27 Jun 2025 | 07:25:18 AM IST
Sensex Today | Stock Market LIVE Updates: Equity markets continued their upward trend on Thursday, reaching a new 2025 peak of 25,565 during the session. Analysts anticipate that this momentum will persist, with the Nifty potentially advancing toward its previous record highs, supported by strong domestic fundamentals and a favorable global backdrop. Sensex Today | Stock Market LIVE Updates: Analysts believe the rally could continue, with no significant resistance expected until the 25,700–25,750 range, suggesting a potential upside of another 150–200 points. On the downside, support is likely around the 25,300–25,350 levels. Oil prices were on track for a weekly decline as the Iran-Israel ceasefire eased concerns about supply disruptions in the Middle East. However, prices edged higher on Friday amid rising fuel demand driven by the start of the U.S. summer driving season.Brent crude futures increased by 34 cents, or 0.5%, to $68.07 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.51%, to $65.57 a barrel as of 0111 GMT. The euro was little changed at $1.1697
The Japanese yen fell 0.1% to 144.63 per dollar
The offshore yuan was little changed at 7.1656 per dollar
The Australian dollar was little changed at $0.6552 S&P 500 futures were little changed as of 9:18 a.m. Tokyo time
Hang Seng futures were little changed
Japan's Topix rose 0.9%
Australia's S&P/ASX 200 rose 0.6%
Euro Stoxx 50 futures fell 0.2% Wall Street ended higher on Thursday, bringing the S&P 500 and Nasdaq closer to record closing levels as the Israel-Iran ceasefire held steady and a series of economic data reinforced expectations of potential interest rate cuts by the U.S. Federal Reserve this year.All three major U.S. stock indexes posted gains in a broad-based rally, positioning them for a positive finish to the week. Equity markets continued their upward trend on Thursday, reaching a new 2025 peak of 25,565 during the session. Analysts anticipate that this momentum will persist, with the Nifty potentially advancing toward its previous record highs, supported by strong domestic fundamentals and a favorable global backdrop.
Read More

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nifty, Bank Nifty Futures signal strong upside as bulls take charge
Nifty, Bank Nifty Futures signal strong upside as bulls take charge

Hans India

time4 hours ago

  • Hans India

Nifty, Bank Nifty Futures signal strong upside as bulls take charge

Nifty 50 and Nifty Bank indices surged 2.1% each last week, supported by strong futures and options (F&O) data that signals sustained bullish sentiment. Nifty 50 Futures Outlook Nifty July futures closed at 25,750, posting a 2.2% weekly gain. This rally was backed by a sharp rise in open interest, which more than doubled to 151 lakh contracts—indicating a fresh long build-up. The July Put-Call Ratio (PCR) stands at 1.20, while the August contract is at 1.30. A PCR above 1 suggests stronger put writing activity, a common sign of bullishness. From a technical standpoint, Nifty July futures broke out above the resistance at 25,400, confirming bullish momentum. The next target is 26,500, and if this level is breached, a further rally to 27,000 is likely. Support Levels: 25,400 (immediate) 25,150 (21-day moving average) Strategy: Continue holding long positions in Nifty July futures with a stop-loss at 25,300. If the contract crosses 26,000, raise the stop-loss to 25,700 and book profits at 26,500. Nifty Bank Futures Outlook Bank Nifty July futures ended at 57,648, also up by 2.1% last week. Open interest jumped fivefold to 23 lakh contracts, confirming strong long positions. PCR readings for July and August are 1.10 and 2.20 respectively—both pointing to a bullish stance. However, the contract is nearing a resistance zone between 57,800 and 58,000. If there's a pullback, 57,000 can act as a buying opportunity before another upward move begins. A breakout above 58,000 can take the contract to 60,000. While 59,000 might be a minor hurdle, the current momentum suggests it could be crossed smoothly. Support Levels: 56,800 (23.6% Fibonacci retracement) 56,300 (next key support) Strategy: Exit the long position (initiated at 56,330) around current levels due to nearby resistance. Re-enter only on: A breakout above 58,000 – Buy with a target of 60,000 and stop-loss at 57,000 A dip to 57,000 – Buy with a stop-loss at 56,300, and same target of 60,000 Options Strategy: Exit the 58,000 Call (bought at ₹397) at current ₹706 levels. Consider buying an at-the-money call again on a breakout above 58,000 or a dip to 57,000. Both indices show bullish setups backed by F&O data, but traders should watch key levels closely for confirmation before entering fresh positions.

Five risk factors US stock investors may monitor closely for the second half of the year
Five risk factors US stock investors may monitor closely for the second half of the year

Mint

time5 hours ago

  • Mint

Five risk factors US stock investors may monitor closely for the second half of the year

Some of the world's biggest money managers are wary of chasing the stock rally further in the second half of 2025, bracing for more volatility. Markets are wrapping up a wild six months that saw the S&P 500 plunge 19% from peak to trough, before it recouped those losses. The index closed at a record high on Friday after the ceasefire between Israel and Iran revived the risk-on rally. The recent bounce is not enough for many institutional investors, who cite a litany of risks confronting equities. The fast-approaching deadline for tariff deals, a mixed outlook for earnings and questions around America's debt and leadership of the Federal Reserve loomed large in interviews with investment firms. They're also mindful of US-China tensions, potentially eased somewhat by the countries' just-announced trade framework. 'We are more cautious than constructive,' said Joe Gilbert, a portfolio manager at Integrity Asset Management LLC. 'The outlook for the second half of the year is always framed by the starting point, and that starting point from the perspective of valuation and earnings growth is not that attractive.' Gilbert's view is typical of the downbeat sentiment among institutional investors from Singapore to London and New York as June draws to a close. It's also reflected in equity positioning by global asset managers, which remains well below historical levels. Here's more about five key risk factors that stock investors said they are watching closely for the rest of the year: An immediate threat to the equity rally lies in the July 9 deadline set by President Donald Trump to reach trade pacts with major US partners. The stakes are high as exporters without a deal will be hit with much higher tariffs than the current 10% level applied to most countries. The UK is an outlier, having secured an agreement on paper. The European Union and the US believe they can clinch some form of trade agreement in time, Bloomberg News reported Friday, while talks with India, Japan and many others continue. Bloomberg News has also reported that the US is nearing agreements with Mexico and Vietnam. Still, investors got a reminder of the risks of sudden turbulence in this area of international relations when Trump on Friday said he would terminate trade talks with Canada in response to a 3% digital services tax. Investors generally agree that a tariff shock for markets on the scale of 'Liberation Day' in early April is unlikely. There are also hopes that the deadline could be pushed out. Still, Anthi Tsouvali, a strategist at UBS Global Wealth Management, said that while 'markets are not complacent anymore, there are risks until a firm deal is announced.' Tsouvali said she has a neutral stance on equities. 'There's going to be a lot of uncertainty, a lot of volatility,' she said. 'We are not taking active risk.' Corporate resilience has been a key support for the sharp rebound in US stocks since April. Analysts on average expect earnings for S&P 500 companies to rise 7.1% this year before an acceleration in 2026, according to data compiled by Bloomberg Intelligence. That will be put to the test within a few weeks as second-quarter results roll in. The last earnings season saw companies across the world pull forecasts for the year, citing cost increases and weak consumer sentiment. A June survey by the Business Roundtable showed C-suite executives were more pessimistic than three months earlier, with fewer expecting to ramp up hiring or capital spending. That said, Trump's $4.2 trillion tax-cut package — facing a key Senate vote in the week to come — could provide a boost to companies struggling with tariff hikes and costs to rejig their supply chains. 'Within this more challenging environment, you've got to think that those growth expectations have got to come down,' said Louise Dudley, a portfolio manager at Federated Hermes. For the broader market, 'perhaps the most that we can expect is a sideways move from here,' she said. An end to hostilities between Israel and Iran has pulled oil prices lower, easing a worry for equity investors about how this would feed through to inflation and complicate the Fed's path to interest-rate cuts. Still, the boost to sentiment is fragile as uncertainty swirls around the future of Iran's nuclear program. 'Despite this temporary relief, we continue to see geopolitical risk as structurally elevated,' said Francisco Simón, European head of strategy at Santander Asset Management. The firm retains an underweight stance on equities, favoring a 'cautious and selective approach,' he said. The fraught relationship between the US and China also keeps investors on edge. They will be scouring for details of a trade framework the two sides said this week that they have reached. Among key points are whether the agreement will free up access to Chinese rare earths for American companies and remove obstacles for Chinese tech companies in obtaining cutting-edge US chip technologies. The US lost its last top credit rating in May amid deepening investor concerns over its ballooning debt. Meanwhile, Trump's tax-and-spending bill is expected to add trillions to federal debt over coming years. 'We know that the problem is not going away,' said Neil Robson, head of global equities at Columbia Threadneedle Investments. He noted that a market meltdown sending bond yields surging and equity valuations plunging remains a low probability event. 'But we got to be aware,' he said. For Nicolas Wylenzek, a macro strategist at Wellington Management, the handling of the Fed Chair's succession is also an important issue for investors. Trump said Wednesday that he has three or four people in mind to follow Jerome Powell when his term expires next year. A risk mentioned by some investors is that the US experiences its own version of the UK's 2022 'Liz Truss moment.' That was 'partly triggered by uncontrolled spending, in combination with some questioning of the independence of the Bank of England,' Wylenzek said. 'Could we see something similar?' he said. 'There's a risk that markets suddenly start to get worried that the next chairman of the Fed is not as independent as they maybe have been in the past.' With stocks trading at 22 times earnings in the next 12 months, the S&P 500's valuation is well above its 10-year average of 18.6 times. Firms like Wellington and AllianceBernstein are among those expecting the multiple to remain elevated due to future rate cuts and the resilience of big tech companies. But others see the lofty price tag as an obstacle to buying more stocks. 'US equity valuations, particularly in market-capitalization-weighted strategies such as the S&P 500 Index, may have further to adjust if US economic conditions deteriorate,' said David Chao, a global market strategist at Invesco Asset Management. 'Markets outside of the US mostly trade at lower multiples, and we think the gap with the US will continue to narrow.'

Too soon to sound the ‘all clear' on the risk of rising oil prices: Finance Ministry report
Too soon to sound the ‘all clear' on the risk of rising oil prices: Finance Ministry report

The Hindu

time6 hours ago

  • The Hindu

Too soon to sound the ‘all clear' on the risk of rising oil prices: Finance Ministry report

It is too soon to sound the 'all clear' on the risk of rising oil prices, even though the risk from the Israel-Iran conflict has receded following the ceasefire between the two countries, the Ministry of Finance said in a report. According to the Monthly Economic Report (MER) for May 2025 released by the Department of Economic Affairs on Friday (June 27, 2025), the Israel-Iran war could have threatened India's growth and fiscal outlook for the current financial year 2025-26. However, the two countries agreed to a ceasefire earlier this month and oil prices have since fallen by about 6-7%. Explained | Why oil prices are increasing amidst Iran-Israel tensions 'There is an ample global supply of oil, but insurance costs and the perceived risk of potential closure of choke points might cause the landed price to rise,' the report warned. 'Therein lies the risk to India. For now, the risk has receded.' 'But, it is too soon to sound the 'all clear' for the rest of the year,' it added. 'But, then, we have to get used to doing the balancing act or the high-wire act for some time to come. In this, India is on a better footing than many other nations.' The Department of Economic Affairs report said that the Indian economy may experience 'nervous but exciting times' in the days ahead. Also Read | The ongoing oil price tensions Overall, the report noted that with no major factors leading to an imbalance in the country's macroeconomic aggregates, a subdued inflation rate and a 'growth-supportive monetary policy stance', India's macroeconomic health is in a 'relative goldilocks situation'. While highlighting the 6.5% growth real GDP growth estimate 2024-25, the report said that the first two months of 2025-26 also point to resilience in economic activity. 'High-frequency indicators such as e-way bill generation, fuel consumption, and PMI indices point to continued resilience,' the report said. 'Rural demand has strengthened further, supported by a healthy rabi harvest and a positive monsoon outlook.' Explained | How will Israel-Iran conflict impact India? Urban consumption, it added, was being bolstered by increased leisure and business travel, as seen from the rise in air passenger traffic and hotel occupancy. However, it also pointed out that there are signs of softening of demand in areas like construction inputs and vehicle sales.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store