On Friday, Chair Jerome Powell used his keynote speech to signal the Fed is headed for an interest-rate cut as soon as its next policy meeting in September. Yet there are clear divisions among policymakers over whether that’s the right call. Powell, himself, noted the economy has handed Fed officials a “challenging situation.”
Fed’s Jackson Hole exposes hard road ahead for Central bankers- Daily Market Update 25th Aug 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 1.50% to 1.89%.
- European equity markets ended on a positive note.
- Asian equity markets are trading higher.
- GIFT Nifty is up by 70 points, Nifty futures likely to open around 24950 levels.
Benchmark Nifty index ended lower at 24870 spot levels after a cut of 214 points from its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices ended on a flat to negative note.
Majority if sectoral indices, tracked at NSE, ended in red. Amongst them, FMCG, Metal and Bank index were the worst performers, down over 1% each. On the other hand, Media index posted some meaningful gains, up nearly 1%.
Technically, the pull back rally in Nifty index faced resistance around 61.8% Fibonacci retracement levels of previous down swing from 24337 to 25154 spot levels. At current juncture, it is trading close to its 50 DEMA as well as gap supports of 24850 spot levels. Going ahead, we might see some range bound trading in Nifty index in short term with immediate supports placed in range 24850-24670 spot levels and resistance around 25160-25225 spot levels.
Derivatives Overview & Outlook
Last Friday, Finnifty and Banknifty futures added around 5% and 9% of open interest respectively as short buildup whereas no significant activity was seen in Nifty and Midcapnifty futures on price as well as on open interest front.
Majority of sectoral indices settled lower. Amongst them, Cement stocks witnessed maximum addition of short positions along with some long unwinding among Finance, Infrastructure, Realty and Technology stocks.
On the option front, call writing was seen at multiple strikes. Maximum positions are at 25000 CE and 24000 PE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 1479 Cr in the cash segment, bought index futures worth Rs 2145 Cr also bought stocks futures worth Rs 2649 Cr. DIIs were net buyers in the cash segment to the tune of Rs 10388 Cr during the week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24980-25050; Supports 24800-27000
Banknifty – Resistances 55400-55600; Supports 55000-54800
Finnifty – Resistances 26450-26520; Supports 26300-26200
F&O Security in Ban Today: RBLBANK, TITAGARH & PGEL.
Disclosure
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