On Thursday, Nifty closed 11.95 points or 0.05% higher to finish the day at 24,631.30. The markets were closed on Friday due to the Independence Day.
In the Centrum Broking, commentary on the current trends Nilesh Jain, main and derivative research analyst (Equity Research) at Centrum Broking said that the markets organized a strong rebound, because the Nifty-Index put an end to the loss of six weeks and a bullish candle on the weekly map. The index has recovered its 100-dma to 24,560, which will now serve as an immediate support, he said.
“In the past month, the Nifty has difficulty crossing its 21,770 21,770 in the short term. A decisive movement above this level is crucial to unlock further up to 25,000. The RSI has become higher to 44, which indicates the momentum improving, while the MACD remains under the zero line. Although sentiment has been improved.”
Factors that probably influence the movement when the markets reopen this week:
1. Trump-Putin Talk
The concept that has been achieved between US President Donald Trump and Russian President Vladimir Putin about the Ukraine problem on Friday is expected to raise the market sentiment when the trade is resumed on Monday. Although the two leaders stopped closing a deal to end the war, Putin said they had come to a ‘concept’. Their almost three-hour meeting in Alaska did not produce cease-fire, but Trump described it as a ‘very good encounter’, while he warned that ‘there is no deal until there is a deal. Read more Legde: How Nifty, Sesex can respond to Trump-Putin Talks and Modi’s GST tax reform on Monday?
2. GST reform
Prime Minister Narendra Modi’s Independence Day Announcement of reforms of the Major Goods and Services Tax (GST) This Diwali could stimulate the investor sentiment, Opine experts. Speaking from the red fort on Independence Day, Modi announced the tariff reductions on Friday to be rolled out by Diwali in the GST 2.0. The prime minister said that the GST rates will be reduced to goods for daily use as part of reforms of the eight-year-old tax regime.
3. American markets
The action on Wall Street will give instructions to the global markets, including India. The two most important indices of Wall Street ended up with decreases, while the Dow managed to float in the green. A mixed US economic data led to the acidification in sentiments. While the American retail trade rose by 0.5% in July from June, the index of the Federal Reserve for industrial production was set
The Dow 30 ended the session at 44,946.10 and won 34.86 points or 0.08%, while S&P 500 settled at 6,449.80, with 18.74 points or 0.29%. The Nasdaq composite closed at 21,623 and dropped 0.40%with 87.69 points.
4. Business promotion
Only about 100 companies have drawn up business actions this week with record dates for dividends, a law problem, stock split and bonus shares for more than 100 companies during the five -day trade week.
The Companes which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL CATTIY, GOCKAY AND RVSLE), Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federal, Federaling, Federaling, Federal, Federaling, Federaling), Federal, Federaling, RVLIRAALING) and Tourism Corporation (IRCTC).
The record date of Algoquant Fintech will be for the stock splitting, Josts Engineering Company for Rights Issue and Bemco Hydraulics for Bonus Probage.
5. IPO watch
It will be an IPO -heavy week as 5 mainboard issues and one SME problem will reach the Indian primary markets. In the mainboard category, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical Industries will launch their public problems.
In the SME segment, Studio LSD is launching its IPO and the stock is mentioned on the NSE Emerge platform.
Also read: Vikram Solar, 5 other IPOs to open next week. This is what GMPs suggest
6. BE / DII ACTION
Market promotions will rely on how foreign institutional investors (FIIS) behave. Foreign Institutional Investors (FIIs) sold shares worth RS 10,173 Crore last week. On Friday, Fiis outflows were on RS 1,926.8, while the domestic institutional investors were net buyers on RS 3,896 Crore.
So far, in 2025 FIIs have sold shares worth RS 1.16.617 Crore.
Read LSO: FIIs sell Indian shares worth RS 20,975 crore in August to date. Can the Ukraine of Trump-Putin ‘understand inverted trends?
7. Technical factors
Santosh Meena, head of research at Swastika Investmart said that the extreme over -selling circumstances and supporting global signals lifted the sentiment of investors, although the momentum remained filled in due to continuing foreign outflows. Wider Markets organized a recovery in various sectors, led by pharmaceutical and car shares, although FMCG was left behind, he added.
From a technical point of view, the Nifty has set up a strong base at the level of 24,350, which forms a bullish flooding candlestick pattern on the weekly graph, said Meena. “The immediate resistance is on the 20 and 50-day advanced averages (DMAs) clustered around 24,700-24,800. A decisive break above this level can activate a briefly covered rally to 24,950, 25,080 and 25,225. Immediate support in the 100-DMA of 24.575, with the conjunction with the crucial, with the fingers, with the fingers with the fingers with the seam of 24,5755, with the fingers, with the fingers of the fingers, with the fingers of the converence of 24,575555555555555555555555555555555, with. Toe.
8. Rupee versus dollar
The rupid concluded at 87,5500 against the US dollar, softer than the end of Wednesday of 87,4400, navigated a shocking session that saw him swing between 87,39 and 87.67. Last week the currency unit was 87,8850 after Trump’s rates Salvo, in which the Reserve Bank of India entered to prevent the rupee from breaking the low point of 87.95 – a level of a level that the central bank will continue to defend.
“In the shorter term, we may see some relief on the rating upgrade, but the rupid is still not out of the forest because trading accurations and broad economic indicators are still weak,” said Dilip Parmar, currency analyst at HDFC Securities.
9. Crude oil
Raw oil prices cooled on Friday in the light of the Trump-Putin meeting. Moreover, the quotation of analysts Reuters reported that premiums for fast benchmarked prices worldwide are falling compared to those in the future months of rising output from the East, Latin -America and Europe, just like the peak ends summer question.
The American WTI oil contracts ended at $ 63.14, a decrease of $ 0.82 or 1.28%, while Brent Oil Futures near $ 65.85 fluctuated, higher with $ 0.71 or 1.06%.
(Input from agencies)
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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