IGI Logo

Market Commentary

Benchmark indices witnessed heightened volatility during the weekly Sensex expiry session on 14th May . After facing corrective pressure in the first half, the indices rebounded sharply in the latter half led by short covering and closed on a positive note around the 23 ,700 marks . Going ahead, key factors to monitor will be the movement in crude oil prices, ongoing geopolitical tensions, and the outcome of the US - China meeting, which could influence overall market sentiment .

* At close, the Sensex rose 789 .74 points or 1.06 percent to settle at 75 ,398 .72, while the Nifty gained 277 points or 1.18 percent to close at 23 ,689 .60 .

* Among sectors, most indices ended in the green with major gains witnessed in Nifty Pharma, Healthcare, and Metal indices, which advanced between 2–3 %. However, Nifty IT remained under pressure and ended as the only sectoral loser for the session .

* Gift Nifty suggests Nifty is likely to open on a flat note . Nifty spot in today's session is likely to trade in the range of 23 ,450 - 23 ,950 .

Global Updates

* Markets are adjusting to the official start of Kevin Warsh’s term as Federal Reserve Chair . Sentiment is largely positive, with investors viewing the transition as a potential catalyst for growth - oriented policies, even as inflation remains a challenge .

* High -stakes diplomatic talks in Beijing between President Trump and Xi Jinping have significantly boosted global risk appetite . Signs of a "trade truce" and the approval of Nvidia H200 AI chip exports to several Chinese firms have ignited a massive rally in the semiconductor sector .

* Asian shares came under pressure on Friday morning trade as investor euphoria over tech stocks gave way to inflation fears that saw Treasury yields spike to one - year highs and rising bets on a U.S . rate hike this year .

* All eyes are on Beijing where Trump is set to wrap up his two - day state visit on Friday .

Above views are of the author and not of the website kindly read disclaimer