Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates a muted start as index heads into weekly expiry amid by weak global cues

TRADE SET UP

Equities ended flat; SPX +0.01%, Nasdaq +0.32%

A major theme was weaker macro data (ADP + ISM Services)

US Treasury 10y yield shed 10 bps to 4.36%

Trump again called on ‘too late Powell’ to cut rates; “he is unbelievable!”

Dollar Index -0.43% to 98.80

Brent Oil -1.1% to $64.88

News report: ‘Saudis want more super-size OPEC+ hikes in push for mkt share’

President Trump spoke with Russian President Putin

Trump: Had a “good conversation” with Russian President Putin, but it was “not a conversation that will lead to immediate peace… President Putin said, and very strongly, that he will have to respond to [Ukraine’s] recent attack on [Russia’s] airfields”

Nifty attempted to bounce from the lower end of range

Nifty trading in a broader range of 24,462-25,116

Nifty faces channel resistance at 24,750

On the way down, support at 24,462 & 24,324 (40-day EMA)

Bank Nifty support at 55,216 (20-day MA)

Bank Nifty resistance at recent high of 56,161