Apart from Geo-Political Tensions, What to Look Forward To In Global Markets? 

Looking ahead, household spending and monetary policy will dominate investor attention this week. Retail sales data for May are scheduled to be released on Tuesday, alongside industrial production figures.  

Expectations suggest a modest decline in headline retail sales for May, while control-group sales—which exclude more volatile categories such as building materials, petrol stations, and motor vehicles—are projected to rise by 0.2%.  

The U.S. Federal Reserve’s two-day meeting is scheduled to begin on Tuesday and conclude on Wednesday. The central bank is widely expected to maintain interest rates at their current level when the meeting concludes. Comments from Chair Jerome Powell regarding the future path of interest rates will be closely scrutinised, particularly given recent signs of cooling inflation coupled with continued economic resilience.  

How Did Indian Markets Perform? 

Nifty continued its recovery, which started from Friday’s low and ended yesterday’s session with the gains of 228 points or 0.92% at 24946. By closing above 24,937, the Nifty has successfully retraced more than 61.8% of the entire fall and filled the whole of the downward gap that was formed on Friday, on a closing basis.  

Support for the Nifty has now shifted up near 24700. The upside, represented by the swing high of 25222, could offer near-term resistance in the Nifty.  

U.S. President Trump’s latest comments on Iran kept investors on edge regarding the geopolitical outlook. Indian markets are poised to open mildly lower on the back of weak Asian cues and lower U.S. futures. 

Source: HDFC Securities Prime Daily 

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