NIFTY50 & NIFTYBANK#NIFTY50
#NIFTYBANK
This is not a buy or sell recommendation only for educational purposes and I am not a SEBI registered.
Indian Stock Market Outlook - Wednesday, June 4, 2025
Market Overview
Nifty 50 closed at 24,542.5 on June 3, 2025.
Bank Nifty closed at 55,599.95 on June 3, 2025.
The Indian equity markets experienced a downturn on June 3, 2025, with both Nifty 50 and Bank Nifty closing lower. This decline was attributed to weak global cues and rising concerns over stretched valuations.
Global and Domestic Factors Impacting Today's Session
US Tariffs: The announcement of new tariffs by the US led to a spike in steel and aluminium prices, affecting global markets and causing shares of foreign
steelmakers to slump.
RBI Monetary Policy: The Reserve Bank of India's three-day Monetary Policy Committee meeting commenced on June 3, with the outcome expected on June 6. Investors are cautious ahead of the policy announcement.
FII Outflows: Foreign Institutional Investors have been aggressively offloading Indian equities, pulling out over *1 lakh crore so far in 2025, leading to increased market volatility.
Technical Levels
Nifty 50:
Support: 24,400
Resistance: 24,700
Bank Nifty:
Support: 55,000
Resistance: 56,500
Sectoral Performance
Underperforming Sectors: Finance and IT sectors faced significant declines due to global trade concerns and valuation pressures.
Resilient Sectors: Infrastructure and defense sectors are expected to remain resilient, driven by government initiatives and increased spending.
✰ Stocks in Focus
1. Tata Motors: Announced a dividend, attracting investor attention.
2. TCS: Declared a stock split and bonus issue, making it a stock to watch.
3. Larsen & Toubro (L&T): Expected to benefit from India's focus on infrastructure development and government projects.
4. HDFC Bank: Analysts favor top-tier banks like HDFC Bank amidst current market conditions.
5. Infosys: IT sector under pressure, but Infosys remains a key player to monitor for potential recovery.
Market Sentiment
The market sentiment remains cautious with a bearish bias due to global uncertainties and domestic policy expectations. Traders are advised to stay vigilant and consider risk management strategies during this period.
Upcoming Events
June 6, 2025: RBI Monetary Policy announcement.
Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
