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What Should You Know Before the Markets Open Today

Before the markets open today, key points include a cautious mood due to ongoing tariff issues and focus on domestic GDP and fiscal updates as well as major company meetings. Most global indices and futures are slightly negative or flat, while India's Sensex and Nifty have erased early gains.


Market Sentiment and Indices

  • Indian indices (Sensex, Nifty): Opened higher but turned negative quickly. Sensex trades near 80,033 (-0.06%) and Nifty is at 24,487 (-0.06%).

  • Nifty MidCap and SmallCap: Both are underperforming, down 0.60% and 0.45% respectively.

  • US Stock Futures: Slightly negative, with Dow Jones (-0.06%), Nasdaq 100 (-0.16%), and S&P 500 (-0.08%).

  • Sector Movements: Nifty FMCG leads gains (+1%), Nifty Auto is the top loser (-0.28%).

  • Key Support Levels: For Nifty, watch 24,400–24,350 levels; failure to hold could see further declines to 24,000–23,800.

Events and Data to Watch

  • Reliance Industries AGM: Investors are watching for plans to double Jio and retail businesses, and the new energy strategy. Oil-to-chemicals business faces scrutiny over Russian oil purchases.

  • GDP Data Release: India's Q1FY26 GDP is out today, forecasted at 7.4% YoY. Fiscal deficit for April–July and other metrics like manufacturing output and forex reserves are also due.

  • Major Earnings: Alibaba Group, Frontline Plc, and others report today; Alibaba’s EPS is expected to decline 4.4% YoY.

International and Policy Context

  • US tariffs: New 50% tariffs on Indian imports remain a drag.

  • Prime Minister Modi Japan Visit: Investment talks expected, with pledges likely over ¥10 trillion ($68 billion).

  • Global Events: US inflation data and several Fed speeches scheduled will shape global sentiment later in the day.

Trading Focus

  • Stocks like Godawari Power and Ispat Limited and Apollo Micro Systems are top picks for the day.

  • Watch for updates from companies holding shareholder meetings: Reliance Industries, NTPC, ONGC, SBI Life, IndusInd Bank.

Investors should monitor real-time cues from Reliance’s AGM and Q1 GDP data, while keeping an eye on Nifty’s key support range and global headlines around tariffs and US economic releases.

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