🛢Crude Oil 🛢
Crude Oil prices dropped over 1% today as escalating U.S.-China trade tensions raised fears of a global recession, weakening demand outlook. The tariff-driven standoff between the world’s top oil consumers continues to dampen economic growth. At the same time, OPEC+ members are expected to propose faster output increases for the second straight month, adding further pressure on prices.
Outlook: Sideways to Bearish
Crude Oil prices dropped over 1% today as escalating U.S.-China trade tensions raised fears of a global recession, weakening demand outlook. The tariff-driven standoff between the world’s top oil consumers continues to dampen economic growth. At the same time, OPEC+ members are expected to propose faster output increases for the second straight month, adding further pressure on prices.
Outlook: Sideways to Bearish
🧈 Gold 🧈
Yellow Metal prices edged lower today as reports suggested the U.S. may soften its auto tariff stance, easing trade tension fears. Investors remained cautious ahead of key U.S. economic data, including the PCE price index and Q1 GDP figures. These developments could influence the Federal Reserve’s policy outlook, as it monitors inflation and growth amid ongoing global trade uncertainties.
Technically, COMEX Gold is forming a symmetrical triangle on the hourly chart, indicating a phase of consolidation that typically precedes a decisive breakout or breakdown in price direction.
Intraday Outlook: Range Bound
Yellow Metal prices edged lower today as reports suggested the U.S. may soften its auto tariff stance, easing trade tension fears. Investors remained cautious ahead of key U.S. economic data, including the PCE price index and Q1 GDP figures. These developments could influence the Federal Reserve’s policy outlook, as it monitors inflation and growth amid ongoing global trade uncertainties.
Technically, COMEX Gold is forming a symmetrical triangle on the hourly chart, indicating a phase of consolidation that typically precedes a decisive breakout or breakdown in price direction.
Intraday Outlook: Range Bound
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THE BIG MOVERS @ 9.30 AM — Wednesday, April 30th 2025
Indian benchmark indices opened lower today, tracking mixed global cues. The domestic market remained largely range-bound, with sentiment cautious amid rising geopolitical tensions ahead of today’s CCS meeting. Traders may also adjust their positions today ahead of tomorrow’s market holiday on account of May Day. Asian markets traded mixed, while US equities ended higher overnight. Key earnings to watch today include Vedanta, Adani Power, IOC and Varun Beverages.
➡️ Nifty ( 24323, down 0.07%)
➡️ Bank Nifty (55224, down 0.33%)
Nifty’s all-time high at the 26277.05 mark.
BUZZING STOCKS
➡️ Top Index Gainers: BEL (+0.90%) BHARTIARTL (+0.66%) DRREDDY (+0.59%) POWERGRID (+0.50%).
➡️Top Index Losers: BAJAJFINSV (-6.27%) BAJFINANCE (-4.82%) TRENT (-4.23%) TATAMOTORS (-2.58%) INDUSINDBK (-2.37%).
This morning, all the sectoral indices are trading in the mix, with the maximum gain seen at Nifty Pharma (+0.35%) and the maximum loss seen at Nifty PSU Bank (+1.54%).
GLOBAL UPDATE
✅ DOW FUTURES (40552, down 0.26%)
✅ NASDAQ FUTURES (19,518, down 0.64%)
✅ NIKKEI (35901, up 0.31%)
✅ HANG SENG (22048, up 0.18%)
✅ SHANGHAI ( 3283, down 0.08%)
✅ Dollar Index (99.14, up 0.13%)
✅ WTI OIL (59.72, down 1.16%)
TECHNICAL LEVELS
➡️Nifty
Support:- 24200, 24000
Resistance:- 24500, 24700
➡️ Bank Nifty
Support:- 54900, 54600
Resistance:- 55700, 56000
KEY THEMES FOR THE DAY
👉Investors await U.S. GDP for Q1 and Core PCE Price Index for March for further cues.
👉China's Manufacturing PMI for April came in at 49.0, below the forecast of 49.7 and down from the previous reading of 50.5, signaling a contraction in factory activity and raising concerns over weakening industrial momentum.
👉Weeks after IndusInd Bank disclosed accounting lapses and losses of nearly Rs 2,000 crore in its derivatives portfolio that triggered a rout in its shares, the bank’s Managing Director & CEO, Sumant Kathpalia, resigned with effect from Tuesday.
👉US President Donald Trump said that tariff talks with India were "going great" and suggested there was a possibility the two nations could reach a deal. "Talks with India on tariffs were coming along great, and he thinks the two countries will reach a deal,"
👉Trent reported revenue from operations of approximately Rs 4,217 crore for the fourth quarter, marking a year-on-year growth of nearly 28 per cent. Excluding a one-time gain of Rs 543 crore in the base quarter, its adjusted profit stood at Rs 318.15 crore, up from Rs 128 crore in the same period last year.
👉Bajaj Finserv on Tuesday reported a 14% jump in its Q4FY25 net profit to Rs 2,417 crore versus Rs 2,119 crore reported in the year ago period. The company's revenue in the March-ended quarter stood at Rs 36,595 crore, which was up 14% year-on-year versus Rs 32,041 crore in the corresponding quarter of the last financial year.
👉Bajaj Finance net profit rose 19% YoY to Rs 4,546 crore in the fourth quarter. The Board approved a series of rewards for investors including a special dividend of Rs 12 and a final dividend of Rs 44 per share.
👉U.S. JOLTS Job Openings fell to 7.19M, below the forecast of 7.49M and prior 7.48M. U.S. CB Consumer Confidence dropped to 86.0, below the forecast of 87.7 and sharply down from the previous month's 93.9.
👉U.S. President Donald Trump signed an order to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner, developments that eased investor worries about Trump's erratic trade policies.
Disclaimer: This does not construe to be investment advice. Stock market investments are subject to market risks. All information is a point of view and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.
Indian benchmark indices opened lower today, tracking mixed global cues. The domestic market remained largely range-bound, with sentiment cautious amid rising geopolitical tensions ahead of today’s CCS meeting. Traders may also adjust their positions today ahead of tomorrow’s market holiday on account of May Day. Asian markets traded mixed, while US equities ended higher overnight. Key earnings to watch today include Vedanta, Adani Power, IOC and Varun Beverages.
➡️ Nifty ( 24323, down 0.07%)
➡️ Bank Nifty (55224, down 0.33%)
Nifty’s all-time high at the 26277.05 mark.
BUZZING STOCKS
➡️ Top Index Gainers: BEL (+0.90%) BHARTIARTL (+0.66%) DRREDDY (+0.59%) POWERGRID (+0.50%).
➡️Top Index Losers: BAJAJFINSV (-6.27%) BAJFINANCE (-4.82%) TRENT (-4.23%) TATAMOTORS (-2.58%) INDUSINDBK (-2.37%).
This morning, all the sectoral indices are trading in the mix, with the maximum gain seen at Nifty Pharma (+0.35%) and the maximum loss seen at Nifty PSU Bank (+1.54%).
GLOBAL UPDATE
✅ DOW FUTURES (40552, down 0.26%)
✅ NASDAQ FUTURES (19,518, down 0.64%)
✅ NIKKEI (35901, up 0.31%)
✅ HANG SENG (22048, up 0.18%)
✅ SHANGHAI ( 3283, down 0.08%)
✅ Dollar Index (99.14, up 0.13%)
✅ WTI OIL (59.72, down 1.16%)
TECHNICAL LEVELS
➡️Nifty
Support:- 24200, 24000
Resistance:- 24500, 24700
➡️ Bank Nifty
Support:- 54900, 54600
Resistance:- 55700, 56000
KEY THEMES FOR THE DAY
👉Investors await U.S. GDP for Q1 and Core PCE Price Index for March for further cues.
👉China's Manufacturing PMI for April came in at 49.0, below the forecast of 49.7 and down from the previous reading of 50.5, signaling a contraction in factory activity and raising concerns over weakening industrial momentum.
👉Weeks after IndusInd Bank disclosed accounting lapses and losses of nearly Rs 2,000 crore in its derivatives portfolio that triggered a rout in its shares, the bank’s Managing Director & CEO, Sumant Kathpalia, resigned with effect from Tuesday.
👉US President Donald Trump said that tariff talks with India were "going great" and suggested there was a possibility the two nations could reach a deal. "Talks with India on tariffs were coming along great, and he thinks the two countries will reach a deal,"
👉Trent reported revenue from operations of approximately Rs 4,217 crore for the fourth quarter, marking a year-on-year growth of nearly 28 per cent. Excluding a one-time gain of Rs 543 crore in the base quarter, its adjusted profit stood at Rs 318.15 crore, up from Rs 128 crore in the same period last year.
👉Bajaj Finserv on Tuesday reported a 14% jump in its Q4FY25 net profit to Rs 2,417 crore versus Rs 2,119 crore reported in the year ago period. The company's revenue in the March-ended quarter stood at Rs 36,595 crore, which was up 14% year-on-year versus Rs 32,041 crore in the corresponding quarter of the last financial year.
👉Bajaj Finance net profit rose 19% YoY to Rs 4,546 crore in the fourth quarter. The Board approved a series of rewards for investors including a special dividend of Rs 12 and a final dividend of Rs 44 per share.
👉U.S. JOLTS Job Openings fell to 7.19M, below the forecast of 7.49M and prior 7.48M. U.S. CB Consumer Confidence dropped to 86.0, below the forecast of 87.7 and sharply down from the previous month's 93.9.
👉U.S. President Donald Trump signed an order to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner, developments that eased investor worries about Trump's erratic trade policies.
Disclaimer: This does not construe to be investment advice. Stock market investments are subject to market risks. All information is a point of view and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.
✨ This Akshaya Tritiya, let your wealth shine brighter than gold! ✨
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