US-Iran Talks Stuck, Hormuz Fate Remains In Question: Sensex 100 Points Up, Nifty In Red

I dia
equity
be chma ks
ope ed
o
a
mixed
ote
o
Wed esday,
with
global
cues
emai i g
u ce tai
as
i vesto s
await
the
elease
of
US
i flatio
data
fo
July.
C ude
oil
p ices
also
emai ed
elevated
amid
the
deadlock
ove
the
St ait
of
Ho muz,
addi g
to
the
cautious
mood.

The
BSE
Se sex
ope ed
i
g ee ,
climbi g
close
to
100
poi ts
a d
tested
78,250,
while
the
NSE
Nifty50
fell
a
little
ove
20
poi ts
a d
touched
24,450,
as
of
9:15
AM.

GIFT
Nifty
Sig als
Muted
Ope i g

The
GIFT
Nifty
poi ted
to
a
la gely
flat
sta t
fo
the
domestic
be chma k.
The
futu es
we e
quoted
at
24,547,
up
just
6
poi ts,
suggesti g
limited
di ectio al
mome tum
at
the
sta t
of
the
sessio .

At
a ou d
9:03
AM,
the
Se sex
was
t adi g
at
78,262.46,
up
108.21
poi ts,
o
0.14
pe
ce t,
while
the
Nifty
was
at
24,462.55,
dow
9.15
poi ts,
o
0.04
pe
ce t.

I vesto s
a e
likely
to
emai
cautious
ahead
of
the
US
Co sume
P ice
I dex
(CPI)
data
fo
July,
which
is
due
late
o
Wed esday
a d
could
i flue ce
expectatio s
a ou d
the
US
mo eta y
policy
outlook.

Asia
Ma kets
Mixed
Afte
Wall
St eet
Decli e

Asia
equities
we e
mixed
i
ea ly
t ade,
followi g
losses
o
Wall
St eet
i
the
p evious
sessio .

South
Ko ea’s
Kospi
gai ed
1.94
pe
ce t,
while
Ho g
Ko g’s
Ha g
Se g
decli ed
1.10
pe
ce t.

Ove ight,
US
ma kets
e ded
lowe .
The
Dow
Jo es
I dust ial
Ave age
decli ed
0.34
pe
ce t,
while
the
S&P
500
fell
0.32
pe
ce t.
The
Nasdaq
Composite
e ded
0.60
pe
ce t
lowe .

Also
Read
:

Himachal
Pet ol
P ice
To
Rise
By
60
Paise
As
Sukhu
Govt
Imposes
O pha ,
Widow
Cess

C ude
Oil
Nea s
$90
As
Ho muz
Talks
Remai
Stalled

C ude
oil
p ices
co ti ued
to
ise
amid
the
o goi g
u ce tai ty
su ou di g
the
St ait
of
Ho muz.

Oil
futu es
we e
quoted
at
$89.55
pe
ba el,
up
0.72
pe
ce t,
keepi g
p ices
close
to
the
psychologically
impo ta t
$90
ma k.

The
deadlock
ove
a
p oposed
Ho muz
ag eeme t
emai s
a
key
facto
fo
global
e e gy
ma kets,
with
i vesto s
watchi g
developme ts
closely
fo
thei
pote tial
impact
o
oil
supplies
a d
p ices.

Gold,
Silve
T ade
Highe

P ecious
metals
also
moved
highe
i
ea ly
t ade.

Gold
futu es
gai ed
0.34
pe
ce t,
while
silve
futu es
adva ced
0.49
pe
ce t.

The
moveme t
i
p ecious
metals
comes
as
i vesto s
assess
global
ma ket
isks
alo gside
the
upcomi g
US
i flatio
data.

Ma ket
Tech ical
Outlook

Sh ika t
Chouha ,
Head
of
Equity
Resea ch
at
Kotak
Secu ities,
said
the
domestic
ma ket
wit essed
p ofit-booki g
at
highe
levels
i
the
p evious
sessio ,
with
the
Nifty
falli g
112
poi ts
a d
the
Se sex
decli i g
388
poi ts.
He
oted
that
pha ma
a d
digital
i dices
gai ed
mo e
tha
1
pe
ce t,
while
the
FMCG
i dex
fell
ea ly
1
pe
ce t.

Acco di g
to
Chouha ,
pe siste t
selli g
at
highe
levels
esulted
i
a
bea ish
ca dle
fo matio
o
the
daily
cha t,
i dicati g
co ti ued
weak ess.

He
ide tified
24,550
fo
the
Nifty
a d
78,500
fo
the
Se sex
as
key
esista ce
levels.
“As
lo g
as
the
ma ket
is
t adi g
below
this
level,
a
weak
se time t
is
likely
to
co ti ue,”
Chouha
said.

He
added
that
a
b eak
below
these
levels
could
see
the
Nifty
etest
24,350-24,250
a d
the
Se sex
move
towa ds
77,700-77,500.
Co ve sely,
a
move
above
24,550/78,500
could
imp ove
se time t
a d
ope
the
possibility
of
a
ebou d
towa ds
24,650-24,700/78,800-79,000.

Go to Sou ce