HomeBusinessIndian Stock Markets Wrap...

Indian Stock Markets Wrap Up Week On Strong Note As Tariff Fears Ease | Economy News

New Delhi: The Indian stock markets wrapped up the week on a strong note, gaining nearly 2 per cent, as the US decision to defer tariffs for all countries except China eased recession concerns, boosting sentiment and lifting fears of a global slowdown, experts said on Saturday. As a result, the Nifty index opened with a strong gap-up and tested resistance near the 20-day exponential moving average (DEMA) around 22,900. It then moved in a narrow range before settling at 22,828.55.

Sector-wise, metals, energy, and pharma led the gains, while broader indices also saw a solid rebound, rising between 1.82 per cent and 2.86 per cent. “The recovery, supported by a continued decline in the volatility index, is a positive sign, though such sharp moves remain challenging to trade. On the index front, a decisive close above 22,900 could pave the way for a retest of the key moving average zone near 23,400,” said Ajit Mishra–SVP, Research, Religare Broking Ltd.

The Sensex jumped 1,310.11 points, or 1.77 per cent, to close at 75,157.26 on Friday. During the day, the index touched an intra-day high of 75,467.33, while it slipped up to 74,762.84. The Indian rupee found renewed strength, snapping its three-day losing streak against the US Dollar. Bolstered by a weaker Dollar, easing crude oil prices, and the buoyant equity market, the rupee closed significantly stronger by 65 paise at 86.04 against the greenback.

“The breadth of the market was strongly positive, with advancing shares significantly outnumbering declining ones. The advance-decline ratio on the BSE stood at a strong 3.68, marking its highest level since 5 March, 2025,” said Nandish Shah, Senior Derivative and Technical Research Analyst, HDFC Securities.

The positive development in global trade policy shows a surge in small and midcap indices by 2 per cent, reflecting optimism that global supply chains may stabilise and input cost pressures could ease.

“However, such shifting policies make volatility inevitable. As business leaders and investors, one must remain cautious towards sectors heavily dependent on exports for revenue. That said, I remain optimistic about India’s growth journey, as domestically, this could translate into better cost structures and renewed capex confidence,” said Abhishek Jaiswal, Fund Manager at Finavenue.

Looking forward, the 22600-22700 range is expected to provide a near-term support for the Nifty, while the 23000-23100 band is likely to act as the immediate resistance zone on the upside.

The Bank Nifty index opened with a gap-up, maintained strong positive momentum throughout the session, and settled on a bullish note at 51,002. Technically, the Bank Nifty index decisively crossed the key resistance zone of 50,750–50,800 and formed a big bullish candle on both daily and weekly charts, reflecting underlying strength.

“The breakout level of 50,750 will now act as immediate support, and as long as the index sustains above this level, it has the potential to rally towards 51,500–52,000. Hence, traders are advised to adopt a ‘buy on dips’ strategy,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).

Source link

Most Popular

More from Author

Read Now

Terry Dubrow gets candid about his kid’s plastic surgery

Terry Dubrow, an American plastic surgeon and TV personality, recently opened up about his children getting plastic surgery.In an...

John Lewis beats M&S and Ocado to be top of the shops for customer satisfaction

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

Is Forgetfulness Disrupting Your Daily Life? Here’s How To Tackle It | Health and Fitness News

Last Updated:July 09, 2025, 16:42 ISTWhile forgetfulness may raise concerns about serious conditions, it is important to make simple behavioural and lifestyle changes before resorting to heavy medication.Stress and anxiety weaken brain function and memory retention.Memory lapses can be frustrating, and sometimes even alarming. When forgetfulness becomes...

China’s emissions may be falling

Tony HanGlobal China UnitGetty ImagesAs the world races to cut carbon emissions in the fight against climate change, a potentially game-changing milestone may have been reached.China - currently responsible for some 30% of global emissions - saw its emissions decline in the 12 months up to May...

Top 10 busiest airports in the world: Delhi’s IGI airport ranks 9th; check list

New Delhi’s Indira Gandhi International Airport (IGIA) has been ranked the ninth busiest airport in the world, handling more than 7.78 crore passengers in 2024, according to a report released by Airports Council International (ACI) on Tuesday.This marks an improvement from last year, when the...

How I almost fell for a Microsoft 365 Calendar invite scam

NEWYou can now listen to Fox News articles! There’s a new phishing scam that’s sneaking past inbox filters in unexpected ways. Instead of sending suspicious links or obvious malware, this one uses something most people trust: calendar invites. Microsoft 365 and Outlook users are being...

Sean “Diddy” Combs gets standing ovation in prison after court victory, his lawyer says

Sean "Diddy" Combs got a standing ovation from fellow inmates when the music mogul returned to jail after being acquitted of sex trafficking and racketeering in his federal trial in New York, providing what his lawyer says might have been the best thing...

Trump threatens extra 10% tariff on nations that side with Brics

Osmond Chia & Dearbail JordanBusiness reporters, BBC NewsReporting fromSingapore & London Getty ImagesUS President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff."Any country aligning themselves with the...

‘Jurassic World Rebirth’ | Anatomy of a Scene

“Hi, My name is Gareth Edwards and I am the director of “Jurassic World Rebirth.” So right now we’re with a family who have kind of been shipwrecked on this island with our team of experts. and essentially trying to get across the island to get rescued,...