In today's episode of Indian Market in Minutes with Motilal Oswal, let's see if the Market Rally Continue? Key Insights & Stock Picks! ЁЯУЙ
The Indian stock market opened on a strong note as global cues turned positive following a surprise drop in U.S. inflation. With expectations of a Fed rate cut gaining traction and IndiaтАЩs domestic inflation cooling to a 7-month low, whatтАЩs next for Nifty and Bank Nifty?
ЁЯФ╣ Market Overview: Slower U.S. inflation (2.8%) & IndiaтАЩs CPI at 3.61%тАФa boost for equities!
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Sardar and let's look at what happened globally.
[00:00:26] Market is expected to open on a positive note due to the recovery in the global markets following slower than expected US inflation which dropped to a four-month low of 2.8% and core inflation falling to a four-year low of 0.2%. This has reinforced expectations that the Fed Reserve may cut interest rates later this year. Additionally, domestic inflation for February cooled to a seven-month
[00:00:51] low of 3.6%, well below the RBI's projection of 4%. This along with stronger than expected January industrial production growth of over 5% and the Global Rating Agency's moods upgrade for India GDP forecast to 6.5% is likely to boost the market sentiment. To start with our first segment for Thursday, 13 March 2025, Nifty Index opened positive and witnessed
[00:01:18] a fall in the first half of the session but took support near 22-330 marks. It recovered in the second half of the day and recouped half of its day's losses and closed near its opening levels. It formed a bearish candle of the daily frame with longer lower shadow indicating that support-based buying is intact at the lower levels. India Wix was down by 2.7% to 13.7 levels. Nifty put-call ratio decreased to 0.96.
[00:01:46] Option data suggests a broader trading range in between 21,800 to 22,800 zones, while immediate range could be in between 22,200 to 22,600. Moving on to the second segment in the equity cash market, FII's were net sellers to the tune of
[00:02:06] 1,628 crores, while TII's were buyers worth 1,510 crores. FII's index longshot ratio is hovering at 18%. Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold above 22-330 marks for an up move towards 22,800, while support can be seen at 22-22 marks.
[00:02:33] Bank Nifty has to hold above 48,000 for a bounce towards 48,500, while a hole below the same could see some weakness towards 47,500 marks. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Tata Motors, Gio Financial, AP Capital, Manapuram, Kota Bank, Voltast, MCX and Bharat Forge.
[00:02:57] While some weakness could continue in Infosys, Ramco Cements, Koforch, Lodha, Wipro, Berger Pains and KPI Detect. Wish you a super day and a lovely weekend ahead. Shimangi Sardar signing off. Follow this podcast for solid advice.
[00:03:26] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.