Morning Market Insights:
Indian Markets are expected to be under pressure at start all thanks to sell off which may be seen in the IT stocks after weak Accenture guidance last night. There was some pressure in the global markets with sentiment on the street is expected to remain range bound now with support for Nifty is around 23950-24000 while 24250 will be the stiff resistance.
Bank Nifty is also expected now to consolidate after the recent move in the index with overall trend remains on the positive side. On the other hand, the sentiment on the street is bullish with short term declines in the markets to be utilized to create fresh long positions. The support for the index is around 57200-57300 while 58200 remains resistance for the day.
DOLLAR INDEX is now nearing breakout above 101, keep this on radar - if it goes beyond resistance then broader sell off will be witnessed in Metals and Emerging Markets
Stocks In News
Aadhar Housing Finance: The company allots 25,000 NCDs aggregating Rs. 250 crore via private placement.
Aequs: The company focuses on building a strong program pipeline across segments during FY26, Targets 18 to 22% EBITDA and 4 to 6x revenue expansion by 2031