Market Savera - 09 / 01 / 25

Stock Market Updates

Opening Bell - Daily Morning Commentary

Earnings season to call the shots

American stocks were mixed after a muted session on Wall Street, as the minutes of the Fed’s December meeting struck a hawkish chord, while also raising some concerns over the impact of Trump's planned tariffs. Gains in the Healthcare, Industrials and Telecoms sectors led shares higher while losses in the Technology, Oil & Gas and Utilities sectors led shares lower as investors grappled with the prospect of slower interest rate cuts in 2025 while also speculating over increased trade tariffs under President-elect Donald Trump.

U.S. markets will be closed on Thursday for a national day of mourning to honour the death of former President Jimmy Carter.

The minutes of the Fed’s December meeting showed policymakers were increasingly leaning towards a slower pace of interest rate cuts this year, amid persistent concerns over stalling disinflation.

Indian markets stand at a delicate juncture, with corporate earnings poised to be the key driver of market movements going forward. Investors would be wise to carefully analyse upcoming earnings announcements in relation to the expectations already priced into current stock valuations.

Tata Consultancy Services (TCS) will kickstart the Nifty 50 earnings season for the December quarter today. Street is expecting TCS to report a 0.2% growth in constant currency terms, which is likely to be lower than the September quarter, as well as the same quarter last year. The growth is likely to be slower due to the lower contribution of the BSNL deal and furloughs.

Despite challenging global markets, bulls successfully defended the crucial 23,500 level. Markets' resolve to defend that support will face another test today as traders adjust their positions ahead of the weekly Nifty options expiry

Indian markets to open soft today on back of weak global cues. On the higher side, resistances for the Nifty are seen at 23800 and 24089. A break below 23496 would be considered a continuation of a downtrend.