Nifty bank federal policies

 Indian market flat open between weak global trends and US Federal Reserve.

 Sector  under pressure: IT, PSU Bank, FMCG and Pharma saw an initial decline.

 Nifty Bank   Moderately  0.08% rose to  55,871.90 .

  FII and DII  Pure buyers, who invested  ₹ 890 crore  and  ₹ 1,091 crore  respectively.

Market performance (till 9:34 am) 

 Index               | Number change | % Change | Level |

Sensex              | +1.66 | 0.00% | 81,446.32 |

Nifty 50.           | +9.90 | 0.04% | 24,821.95 |

Nifty Bank       | +43.15 | 0.08% | 55,871.90 |

Midcap 100.    | -40.35 | -0.07% | 58,068.85 |

Smallcap 100  | +25.60 | +0.14% | 18,404.05 |

Why are the markets stable? 

  American Fed kept interest rates unchanged , as expected.

  Policy makers still expect to cut interest rates twice in 2024, but some are now speculating that there will be no cuts. - Fed has modified its approach, with only a cut in interest rates in 2026 and 2027 What is next for Nifty? Current Range: 24,500 - 25,000 (the possibility of remaining stable until the geopolitical stress does not change). Potential landscape: positive breakout when Israel-Iran stress reduces. Negative risk when the Middle East conflict increases, especially the rise in oil prices 

Top Gainer and Loser Companies (Sensex) 

⬇️ top loser

  •  Tech Mahindra
  •  IndusInd Bank
  •  Infosys
  •  HCL Tech
  •  power grid
  •  Tata Steel 

⬆️ top gainer 

  •  Titan
  • M&M
  •  Kotak Mahindra Bank
  • Tata Motors

Affect in asian market

 Asian Markets  (Japan, Hong Kong, China, Seoul) are trading at  lower .

 American market closed with mixed trend :

 Dow Jones : -0.10%

S&P 500 : -0.03%

 Nasdaq : +0.13%