FIRST TRADE: Indian equity benchmarks tracking mixed global cues continued their winning run for the tenth consecutive session. Nifty at the open was up marginally by 0.02 per cent at 25,023.4, while Sensex was up by a marginal 0.03 per cent or 28.46 points at 81,740.22. Meanwhile, Bank Nifty also traded in the negative, while the Nifty Midcap 100 index marked a new high in early trade today.

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Nvidia earnings due to be released today will be widely tracked and any negative result will disrupt AI-related stocks back in domestic markets too.

Prashanth Tapse, Senior VP (Research), Mehta Equities said, "The Nifty is approaching its all-time high of 25,078.30, and our outlook remains bullish, anticipating a move into uncharted territory. Key support lies at 24,750, and surpassing 25,078.30 could trigger further upward revisions."

Meanwhile, expectations of a Federal Reserve rate cut on September 18th are building, with traders pricing in a 68% chance of a 25-basis point cut. Volatility is likely, with critical inflation data ahead, he added.
 
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "The market has entered a consolidation phase with low volatility and this trend is likely to continue in the near-term. Falling bond yields in the US has restrained FII selling and they have even turned marginal buyers."
 
Going by previous trends, DIIs are likely to sell if FIIs continue to buy. This trend will keep the market within a range with a slight upward bias. This is a desirable and healthy trend, given the elevated valuations in the market, added Kumar.