ET Market Watch: Sensex soars 700 points, market cheers Iran-Israel ceasefire
Transcript
Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:D-Street is bouncing back! Sensex jumps 700 points as geopolitical tensions ease. What's behind the rally? Let's break it down.After days of volatility, markets surged today as Iran and Israel agreed to a ceasefire.Sensex closed up 700 points at 82,755, while Nifty gained 200 to end at 25,244.IT, auto, and consumer durables led the charge as risk appetite returned.Sectors + gainers and losersTop gainers? Titan (+3.66%), M&M, and Grasim.Among midcaps, Kirloskar Brothers soared over 19%, while Jai Balaji Industries surged 15%.Biggest losers? BEL (-2.9%) and Kotak Mahindra Bank (-1.3%).Global Markets, Rupee and CrudeGlobally, markets rallied—Hang Seng, Nikkei, and Dow all in the green.The rupee held steady at 86.10 after a strong rally yesterday.Meanwhile, crude oil remains soft despite a slight uptick, still near multi-week lows.With global risk easing, bulls are back on D-Street.Will this rally last or is it just a relief bounce? Let's wait and watch...Keep listening to ET Markets Radio for more.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
4 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.
Mint
9 hours ago
- Mint
ACC to TVS Motor -Jay Thakkar suggests three stocks to buy for short-term in F&O segment
Stock market news: Indian stock indices maintained an upward trend for the fourth consecutive session, bolstered by favorable global cues, relative calm regarding the Israel-Iran conflict, and the potential extension of the tariff deadline set for July 9 by the US government. A spokesperson from the White House suggested on Thursday that the reciprocal tariff deadline might be postponed, but emphasized that the final decision rests with President Donald Trump. Meanwhile, President Trump indicated that a "great deal" involving India is forthcoming, which has improved investor confidence. The Indian negotiation team is currently in the United States working on a trade agreement. India's robust domestic fundamentals, an agile RBI, and favorable monsoon conditions are supporting the financial markets. With US markets reaching record highs and the US dollar weakening, emerging markets such as India are expected to gain. The Sensex concluded the day at 84,058 points, rising by 303 points, while the Nifty 50 finished at 25,637 points, up by 89 points. Nifty 50 has provided a clean breakout from the sideways consolidation; thus, the short-term trend is bullish. The June series ended on a positive note as Nifty 50 closed above 25,300 levels and the FIIs also reduced their short positions on the Index to quite an extent i.e. from over 1 lakh to merely 35,000 contracts , they also had bought huge in the equity cash segment of over 12,500 crores. So, the short covering coupled with strong buying in equity cash segment led to a clean breakout and thus the uptrend has been established. There was strong call writing in the range of 25,200-25,300 prior to the breakout, hence this range now becomes an immediate support, whereas, 26,000 to 26,300 are the short to medium term targets. The Bank Nifty has also provided a clean breakout above 56,500 levels, thus the supporting Nifty 50 to inch higher. Jay Thakkar of ICICI Securities recommends TVS Motor Futures, Mahanagar Gas Futures, and ACC Futures. TVS Motor has provided a breakout from the sideways consolidation with a clear long built up, indicating further uptrend in the stock. The stock has been one of the outperformers in the two-wheeler segment and hence the upside probability seems higher. There has been good put additions at the lower levels as well as call unwinding indicating good upside possibility. Currently, the stock is trading above its max pain and modified max pain level as well as its 20-day VWAP levels, hence the short-term trend appears bullish Mahanagar Gas had seen huge short built in the previous fall post which the stock managed to bounced back and consolidate. In the entire consolidation period, the stock had witnessed short covering and finally it has provided a breakout from the consolidation which is much positive in the near term. The stock has now moved above its 20-day VWAP as well as its max pain and modified max pain levels, so the upside potential is higher. The cements sector is witnessing good long built up overall and in the case of ACC short covering is expected in the short term as the stock has formed multiple bottoms as well as the sector is in overall uptrend. Although there is higher call base at 1900 and 2000 strikes, however, there is good unwinding of calls below 1900 strike, hence the uptrend has a higher probability in the near term. The stock is also trading well above its 20-day VWAP now as well as its above max pain level. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 27/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Economic Times
10 hours ago
- Economic Times
Dalal Street Week Ahead: Time to exit overheated themes, enter emerging plays
The markets broke out after six weeks of consolidation, with the Nifty gaining 2.09%. Support levels have risen to the 25100-25150 zone, and leadership is expected to shift towards bottoming-out sectors. Focus should be on profit-taking in overperforming sectors and shifting to those with improved relative strength, with potential resistance at 25750 and 26000. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%).The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely to see a distinct shift in the leadership, with the sectors that were in the bottoming-out process taking the lead. This would also mean that one must now focus on taking profits in the spaces that have run up much harder over the past protecting gains, it would be wise to shift focus to the sectors that are likely to see much improved relative strength going forward from levels of 25750 and 26000 are likely to act as potential resistance levels for the coming week. The supports come in at the 25,300 and 25,000 levels. The trading range is likely to stay wider than weekly RSI is 64.58; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A large white candle emerged, indicating the directional strength that the markets exhibited throughout the pattern analysis of the weekly chart shows that the Nifty initially crossed above the rising trendline pattern resistance. This trendline began from the low of 21150 and joined the subsequent rising bottoms. However, the Nifty consolidated above the breakout point for six weeks before finally resuming its move higher. The Index has pushed its resistance levels higher; as long as the Index stays above the 25000 level, this breakout will remain is also important to note that the Nifty's Relative Strength (RS) line is attempting to reverse its trajectory. This may lead to the frontline index improving its relative performance against the broader markets. Along with this shift in relative strength, it is also strongly recommended that one consider protecting gains in sectors that have risen significantly over the past several leadership over the coming weeks is likely to change, making rotating sectors even more important than before. While protecting gains, new purchases must be initiated in sectors that are showing improvement in momentum and relative strength. While some consolidation cannot be ruled out, a positive outlook is suggested for the coming our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 ( NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed Rotation Graphs (RRG) show that only two sector Indices, Nifty Midcap 100 and the Nifty PSU Bank Index , are inside the leading quadrant. While the Midcap Index continues to rotate strongly, the PSU Bank Index is seen giving up on its relative momentum. These two groups are likely to outperform the broader markets Nifty PSE Index has rolled inside the weakening quadrant. This may result in the sector slowing down on its relative performance. The Nifty Commodities, FinancialServices, Infrastructure, Banknifty, and the Services Sector Index are also inside the weakening Nifty Consumption Index has rolled into the lagging quadrant. The FMCG Index and the Pharma Index also continue to languish inside this quadrant. The Nifty Metal Index is also located within the lagging quadrant; however, it is sharply improving its relative momentum compared to the broader Nifty Realty, Media, IT, Auto, and Energy Indices are located within the leading quadrant. These groups are likely to assume leadership over the coming weeks as they continue to improve their relative momentum and strength compared to the broader Nifty 500 Note: RRGTM charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell Vaishnav, CMT, MSTA, is a Consulting Technical Analyst and founder of and and is based in Vadodara. He can be reached at
