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Nifty is expected to consolidate, finding support around 24,500, with a potential upside towards 25,600 if it decisively breaks above 25,200. Technical analysts suggest that sectors like chemicals, capital goods, metals, real estate, and banking & financial services may show resilience. Stocks including HDFC Life, ICICI Bank, and Tata Chemicals are anticipated to exhibit bullish momentum for short-term trading.
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Investors hoped for trade war calm, but Donald Trump dashed those hopes. He threatened high tariffs on the European Union and smartphones. Equities dropped globally, and the dollar weakened. Business leaders now face ongoing uncertainty. Trump declared he is not seeking a deal with the EU. Treasury Secretary Scott Bessent mentioned potential deals with other nations like India.
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The IPO market is set to revive. Next week, Schloss Bangalore and Aegis Vopak Terminals, along with Prostar Info Systems and Scoda Tubes, will launch their IPOs. These companies plan to raise over Rs 6,600 crore. This follows a slowdown in IPOs this year, after a strong performance in 2024. Many companies are awaiting regulatory approval to launch their IPOs.
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