The yen strengthened after Japan’s ruling coalition suffered a historic defeat in the weekend’s upper house election, setting the stage for political uncertainty.
Japan’s currency rose as much as 0.7% against the dollar, before paring back some of the gains, as the ruling coalition suffered a historic setback in an upper house election Sunday.
Japan’s gov’t loses upper house control, Yen moves higher- Daily Market Update 21st July 2025
Overview and Outlook
Global Stock Market Today
- US equity markets ended on a flat note.
- European equity markets ended on a mix note.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is down by 50 points, Nifty futures likely to open around 25000 levels.
On Friday, benchmark Nifty index ended lower at 24968 spot levels, fell 143 points from its previous closing values.
Broader markets fell in line with the benchmark as Mid and Small cap indices were down 0.7% & 0.82% respectively.
Majority of sectoral indices, tracked at NSE ended lower. Amongst them, Private Bank index were the worst hit, down 1.46% followed by Fin Service and Consumer Durable index that were down nearly 1% each. On the flip side, Media and Metal index gained 0.96% & 0.37% respectively.
Technically, Nifty index is trading around the lower band of an Upward Sloping Channel pattern with immediate support at 24800 spot levels. A decisive close below 24800 spot levels will be a negative development that might take it down towards 24000 spot levels in near term.
Derivatives Overview & Outlook
Last Friday, Nifty and Banknifty added 1% and 7.5% of open interest respectively as short buildup along with some long unwinding in Finnifty futures with decrease in open interest by 5.8%, while no significant change was seen in Midcapnifty futures on open interest front.
All F&O sectors, barring Cement And Metal pack, settled on a negative note. Amongst them, Banking and Textile stocks witnessed maximum addition of short positions along with some long unwinding was seen in Auto and Telecom stocks.
On option front, call writing along with some put addition was seen at multiple strikes. Maximum positions are at 26000 CE followed by 25200 CE and 24000 PE followed by 24900 PE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 4493. Cr in the cash segment, sold index futures worth Rs 8506 Cr also sold stocks futures worth Rs 8 Cr. DIIs were net buyers in the cash segment to the tune of Rs 9492 Cr during this week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25150-25300; Supports 24900-24800
Banknifty – Resistances 56800-57400; Supports 56000-55800
Finnifty – Resistances 26800- 27000; Supports 26500-26400
F&O Security in Ban Today: ANGELONE, BANDHANBANK, HINDCOPPER & RBLBANK.
IMPORTANT RESULTS TODAY: HAVELLS, IDBI, OBEROIRLTY, PNBHOUSING, UCOBANK, ULTRACEMCO,
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
This report has been prepared by GCML and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from GCML. The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. This report should not be construed as an offer to sell or the solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of GCML have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. GCML does not take any responsibility thereof.
Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection.
This report has been prepared by GCML based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by GCML that such information is accurate or complete and/or is independently verified. The contents of this report represent the assumptions and projections of GCML and GCML does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances.
Since GCML or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. GCML or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months. GCML or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that GCML or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.
Research analyst or GCML or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor GCML are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months. GCML or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
No material disciplinary action has been taken on GCML by any regulatory authority impacting Equity Research Analysis activities.
The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. GCML reserves the right to make modifications and alternations to this statement, as may be required, from time to time.
Research analyst or GCML or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.