Today’s market: Nifty 50 & global trade setup : June 12,2025
Today’s stock market: 24,850 is a critical support level for the Nifty-50 Index. and experts predicted that the trend would continue to be good as long as the index remained above this level, maybe moving towards 25,350.
Today’s Stock Market: After a tumultuous trading session, the benchmark Nifty-50 index closed 0.15% higher at 25,141.40. As the majority of other sectors,led by FMCG,closed down,the Bank Nifty fell 0.3% to 56,459.75. Among the few that defied the trend were IT,Auto, and Pharma. Mid and small-cap stocks also finished about 0.5 percent lower in the overall markets.
Thursday Trade Setup :
The Nifty-50 Index has critical support at 24,850.The trend is probably going to stay favorable as long as the index stays above this level,and it may soon rise towards 25,350. Senior Technical Analyst Rupak De works for LKP Securities.
According to Bajaj Broking, the Bank Nifty’s immediate support is located at 55,400.
International Markets and Prospects :
High domestic valuations are driving profit booking in the wider markets. Nonetheless, the indices are being supported by large-cap resilience, as institutional investors are gravitating toward businesses with steady earnings projections. According to Vinod Nair, Head of Research at Geojit Investments Limited, the auto and IT industries are still in focus. Auto stocks are rising due to better monthly sales, while IT is benefitting from hope for a possible US-China trade agreement.
According to Nair, the market is unsure of its course after the recent surge as investors await important macroeconomic data and trade negotiation updates.
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