Markets reached new record highs for the third consecutive week, buoyed by positive global risk sentiment and strong domestic economic indicators. Analysts remain optimistic about the medium-term market outlook, citing firming global rate-cut expectations and India's robust growth prospects. The Nifty's ability to hold above the 21-DMA at 25,890 is seen as crucial for sustaining the uptrend.
Pre-market action: Here's the trade setup for today's session
Synopsis
Markets reached new record highs for the third consecutive week, buoyed by positive global risk sentiment and strong domestic economic indicators. Analysts remain optimistic about the medium-term market outlook, citing firming global rate-cut expectations and India's robust growth prospects. The Nifty's ability to hold above the 21-DMA at 25,890 is seen as crucial for sustaining the uptrend.
Markets extended their winning streak for the third successive week and scaled new record highs, supported by improving global risk sentiment and constructive domestic cues. With global rate-cut expectations firming up and India’s domestic growth outlook reinforced by strong GDP data, analysts say the medium-term market structure remains constructive.
STATE OF THE MARKETS
Tech View: The 21-DMA support at 25,890 remains crucial, and as long as Nifty holds above this level, the broader uptrend and upside momentum are likely to persist.
India VIX: India VIX, which is a measure of the fear in the markets, fell 1.4% to settle at 11.62 levels.
Stocks in F&O ban today
Sammaan Capital
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Live Events
FII/DII action
Foreign portfolio investors net sold shares worth Rs 3,795 crore on Friday. DIIs, meanwhile, were net buyers at Rs 4,148 crore.
Rupee
The rupee dropped 9 paise to settle at 89.45 against the US dollar on Friday, tracking a strong greenback and a rise in international crude oil prices.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
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