Market Cues for the Day: Positive Momentum Builds

Markets are signaling a positive start, buoyed by strong earnings reports, easing global trade tensions, and optimistic sentiment in global equities. Key Highlights Global Market Outlook: Asian markets are tracking Wall Street gains, while hopes of a breakthrough in EU-US trade discussions are also adding to the bullish tone. Gift Nifty Signals Strong Open: Indicating a higher start with a gain of 50 points. India Market Preview Weekly Options Expiry Today: Volatility may remain elevated as traders adjust positions ahead of the expiry. FIIs Remain Heavily Short: Foreign institutional investors hold 85% short positions in index futures, raising the potential for a sharp short-covering rally. Key Resistance to Watch: Nifty 50 faces resistance near the 20-DMA at 25,325. Options data points to support in the 25,175–25,200 range. Aggressive call writing seen at the 25,350 strike. Flows & Derivatives Snapshot Cash Market Flows: FIIs: -₹4,209 Cr (Net Sellers) DIIs: +₹4,358 Cr (Net Buyers) F&O Positioning: FIIs were net buyers of ₹760 Cr in index futures. Longs at 15% and shorts at 85% in index futures, still skewed bearishly. Stocks in Focus

Ended at day’s low ahead of results. Despite caution, Q1 performance beat expectations and surpassed industry trends. The IT index remains 20% below its 52-week high, offering potential for re-rating. CERC’s approval of market coupling reignites concerns among investors. The move, long feared by the street, may impact earnings visibility. Announces acquisition of Imperial Blue whisky for ₹4,150 Cr, marking a significant expansion in the premium spirits segment. North America revenue declined by 11%, putting pressure on margins. Q1 results in line with estimates; commentary remained positive, reinforcing growth visibility. Set to announce results today. Investors will watch for commentary on rural demand and pricing.