Morning Updates-
🌏 Global Cues
US Markets: S&P -0.7%, Nasdaq -0.8% on tariff worries & rising bond yields.
Trump Tariff Twist: Trump to move Supreme Court after federal court termed most tariffs illegal; govt may need to refund duties.
Bond Yields: US 10Y up 5 bps to 4.28%.
Dollar Index: Strong at 98.4 (+0.65%), may pressure EM flows.
Gold: $3,600 – safe-haven demand intact.
Crude (Brent): $69.2 – positive for India.
After Hours US Tech: Alphabet +7%, Apple +6% may aid Nasdaq futures today.
🏛 Domestic Watch
GIFT Nifty: -46 pts at 24,619, signaling weak-to-flat start.
GST Council meet: EV taxation, compliance easing, and state compensation key focus.
🔑 Spot Levels
Nifty 50: Support 24,500/24,400 | Resistance 24,700/24,800
Bank Nifty: Support 53,500/53,300 | Resistance 54,000/54,200
Nifty Fin Service: Support 25,500/25,400 | Resistance 25,600/25,700
Sensex: Support 80,000/79,800 | Resistance 80,600/80,800
📌 Stocks in News
Autos (Tata Motors, , Maruti, Hero Moto, Bajaj Auto): GST EV decision in focus.
: Jio expansion in AI-led services expected.
: Logistics in spotlight on tariff & geopolitical flows.
IT ( , TCS, Wipro): Strong dollar & higher yields may affect sentiment.
Power (NTPC, PowerGrid): Rising demand ahead of festive season.
Energy (ONGC, Oil India): Crude below $70 could weigh.
Banks (HDFC Bank, ICICI, SBI): Bond yield risk, steady credit growth.
Paytm: Fundraising discussions with global investors.
📰 Other Headlines
Geopolitics: Xi, Putin & Kim attend Beijing parade – show of military strength & alignment.
Data Watch: US JOLTS job openings today – may drive yields & Fed expectations.
📊 Market View
Bias: Soft-to-flat start, volatile intraday moves around GST meet.
Upside limited by weak global cues (tariffs, yields).
Supportive factors: US tech rally, Brent below $70.
Key levels: Nifty 24,500 / Bank Nifty 53,500 critical for trend.
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