ЁЯУЙ Tuesday, 7th January 2025: Market Recap & Insights ЁЯУИ
In today's episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda unpacks global and domestic market moves:
ЁЯМН Global Highlights:
- Strong rally in semiconductor stocks following Foxconn's record revenues.
- Optimism builds around potential easing of US tariff hikes.
ЁЯУК Market Overview:
- Nifty fell 420 points to close at 23,550, forming a bearish candle.
- India VIX surged 15.6%, signaling increased volatility.
- FIIs sold тВ╣2,575 crores, while DIIs bought тВ╣5,750 crores.
ЁЯФС Key Insights for Traders:
- Nifty Trading Range: 23,200тАУ24,200 (immediate support at 23,400; resistance at 23,800).
- Bank Nifty Outlook: Weakness below 50,250; support at 49,250.
ЁЯУМ Top Stock Picks:
- Bullish: Godrej Consumer Products, Apollo Hospital, SBI Cards, Titan, HCL Tech
- Bearish: Adani Green, Hind Copper, MCX, JSW Energy
ЁЯТб CTA: Follow this podcast for daily market updates, actionable insights, and stock recommendations to level up your trading game!
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ЁЯУв Disclaimer: Investment and securities market are subject to market risks. Read all related documents carefully before investing.