Page 2 - Sameet Chavan News Today

Fed Chair Jerome Powells remarks over the unlikelihood of more rate hikes eased concerns across global markets, there by lifting sentiment for stocks.

Even though some jitters persisted ahead of the FOMC meet, analysts remain positive of the bullish momentum taking the Nifty and Sensex to fresh record highs in the coming sessions.

The Nifty Auto index hit an all-time high of 22,634.05, led by gains in M&M and Bajaj Auto.The Nifty Realty index was up over a percent.

This week, market participants will keenly track US Federal Reserves policy decision and its stance on rate cut trajectory. This will further shape market movements in the near-term, believe analysts

Analysts expect the bullish bias to take the Nifty towards new highs in the coming sessions and suggest investors buy the dip

Financial stocks were under pressure dragged down by Kotak Mahindra Bank, while consumer stocks fell on an earnings miss from heavyweight Hindustan Unilever

Traders are opting to maintain light positions on the index front ahead of the monthly expiry.

Fresh longs should only be initiated above the 48,200 resistance level as the range of 48,000-48,200 may still act as a supply zone, experts say

Analysts expect the bearish bias to weigh markets in the near-term as elevated US bond yields can trigger foreign outflow

Learn how to trade Apollo Hospital and Bharti Airtel in the F&O market based on technical and derivative analysis. Apollo Hospitals shows a bearish trend while Bharti Airtel exhibits a bullish momentum.