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Pradeep Carpenter

3rd Sep · SEBI-Registered Analyst

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,

M&M
, Maruti, Hero Moto, Bajaj Auto): GST EV decision in focus.
RELIANCE
: Jio expansion in AI-led services expected.
ADANIPORTS
: Logistics in spotlight on tariff & geopolitical flows. IT (
INFY
, 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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