Market Savera - 06/ 01/ 25

Stock Market Updates

Daily Morning Commentary

Bulls’ resolve will be tested!

Indian equity markets demonstrated resilience in the first trading week of 2025, minorly built on its gains of the last week by rising a percent.

All three US indices closed on a positive note on Friday, with S&P 500 snapped its five-day losing streak.

President-elect Trump's January 19 pre-inauguration rally is expected to unveil major policy shifts in immigration, oil production, and trade tariffs, with potential implications for global currency markets and investment flows.

The U.S. dollar has surged to a two-week high, driven by expectations of stronger economic growth compared to other nations. A gauge of Asian currencies hit its lowest in almost two decades against the dollar.

US Crude oil futures rose above $74/barrel during the week fueled by cold weather in Europe and the US, coupled with optimism about Chinese economic stimulus measures. This rally pushed prices to a two-month high.

Nifty ran into a stiff resistance around 24200 last week and bulls resolve to break past that resistance zone of 24200-24400 will be severely tested this week. Immediate support for the Nifty is at last Thursday’s low of around 23750 level. Any decline towards that support would be a buy on dips opportunity.

Indian markets are likely to open mildly higher on back of positive global cues over the weekend.