The global markets are on a bullish streak, pushing Indian markets higher! We break down the latest trends, global market updates, and actionable stock recommendations.
In today’s episode of Indian Market in Minutes with Motilal Oswal, Shivangi Sarda analyzes key global and domestic market movements, including a positive rally in global markets, a weakening US Dollar, and falling oil prices.
Find out which sectors and stocks could lead the market in the coming days. Follow for daily market updates and expert trading advice! Don’t miss out on actionable insights for the next big moves in Indian markets.
[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 Sarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a positive note due to a rally in global markets, a decline in the US dollar index to a 4-month low at $1.04 and oil prices falling to a 3-year low below $70. Additionally, the RBI has announced a fresh Rs. 1 lakh raw open market operations and a $10 billion forex swap to inject liquidity into the banking system and manage the dollar which will further boost the market's sentiment.
[00:00:53] To start with our first segment for Thursday, 6th March 2025, Nifty Index opened flattish and witnessed a strong comeback of the bulls in the first hour of this session and headed towards 22,400 marks. It was followed by some consolidative move thereafter and finally closed with gains of around 250 points. It formed a bullish candle on the daily frame and has negated its lower lows formation of the last eight trading sessions.
[00:01:21] India Wix was down by around 1.16% to 13.7 levels. Nifty put call ratio increased to 1.05. Option data suggests a broader trading range in between 21,800 to 22,800 zones, while immediate range could be in between 22,100 to 22,500 levels.
[00:01:44] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 2,895 crores, while DIIs were buyers worth 3,371 crores. FIIs index long-short ratio increased to 17.3%.
[00:02:03] Going ahead with the index actionable, Devittal's data and price setup suggest Nifty has to hold above 22,200 for an up move towards 22,500 and 22,700, while supports have shifted higher to 22,000 zones. Bank Nifty has to hold above 48,500 for a bounce towards 49,000 levels, while a hole below the same could see some weakness towards 48,000 zones.
[00:02:30] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Sona Combs, JSW Energy, Indian Hotel, JSW Steel, Nalco, BEL and Lornis Labs. While some weakness could continue in prestigious state, Dini's Lab and Volta. Wish you a super day ahead! Shivani Sarna signing off. Follow this podcast for solid advice.
[00:03:08] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.