Today is the last trading session of both June month and June series. On Tuesday, Nifty opened 85 points higher at 24,032, while Sensex opened 277 points higher at 77,005. It is noteworthy that on Monday, Nifty had fallen 109 points and closed at 23,946. Talks between the US and Iran are set to resume today in Doha. Crude oil prices remain around $72–$73. Selling by foreign investors has reduced. All these things are expected to boost market sentiment. Overall, the market environment currently appears neutral and trading is taking place in a limited range.
Key Market Factors
On Monday, Nifty fell 109 points and closed at 23,946.
US markets reach record high; Dow Jones crossed the 52,000 level for the first time.
Japan’s Nikkei is trading up about 0.9%.
Korea’s Kospi is trading up 0.7%.
Crude oil prices are currently at $72.5 per barrel.
On Monday, FIIs sold shares worth ₹1,350 crore, while DIIs bought shares worth ₹2,801 crore.
Where is the market focus?
Vinod Nair, Research Head, Geojit Investment Limited, said that there remains uncertainty regarding the US-Iran conflict and talks. As a result, profit-booking is dominant at higher levels and the market is currently showing no clear direction. Factors like global supply shortage, inflation impact and weak monsoon may impact Q1FY27, leading to a decline in market sentiment.
The Federal Reserve’s future actions on interest rates will be important for the market; In this context, non-farm payroll data will be very important. Market sentiment will be supported by reduced selling pressure from foreign investors and cooling of investor enthusiasm for AI-themed stocks.