Powell offered no hints on whether he might support a rate cut at the Fed’s next meeting, in October.
“Near-term risks to inflation are tilted to the upside and risks to employment to the downside — a challenging situation,” Powell said Tuesday in remarks to the Greater Providence Chamber of Commerce in Rhode Island. “Two-sided risks mean that there is no risk-free path.”
Fed chair Jerome Powell reiterates no risk-free path for Fed amid Inflation and employment risk- Daily Market Update 24th Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.19% to 0.95%.
- European equity markets ended on a flat to positive note.
- Majority of Asian equity markets are trading in red.
- GIFT Nifty is down by 60 points, Nifty futures likely to open around 25180 levels.
Benchmark Nifty index ended on a slightly negative note at 25170 spot levels after a volatile trading session.
Broader markets underperformed the benchmark as Mid and Small cap indices fell 0.35% & 0.53% respectively.
Majority of sectoral indices, tracked at NSE ended in red. Amongst them, FMCG index was at the bottom of the tally, fell 1.29% followed by Realty, IT and Media index that fell over 0.5% each. On the other hand, Metal and PSU Bank index were the top gainers, rose 1% each.
On-going profit taking in Nifty index took a pause around its price and previous breakout support zone of 25050-25000 spot levels. Going ahead, we maintain our buy on dips trading approach till Nifty index is holding above the said levels on closing basis.
Derivatives Overview & Outlook
Yesterday, long buildup was seen in Banknifty futures with an increase in open interest by 3.8%. On the other hand, no significant change was observed in Nifty, Finnifty and Midcapnifty futures on price as well as on open interest front.
Majority of sectoral indices settled lower. Amongst them, Cement, Realty and Textile stocks witnessed maximum addition of short positions whereas some long buildup was seen among Auto, Metals and Telecom stocks.
On options front, Nifty will start the new weekly contract with maximum positions at 25000 PE and 26000 CE followed by 25500 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 3551 Cr in the cash segment, bought index futures worth Rs 407 Cr also bought stocks futures worth Rs 787 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2671 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25350-25480; Supports 25150-25020
Banknifty – Resistances 55950-56200; Supports 55500-55300
Finnifty – Resistances 26750-26850; Supports 26650-26520
F&O Security in Ban Today: ANGELONE, SAMMAAN CAPITAL & HFCL.
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.
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