Friday Economic

• Indian equities ended a seven-session losing streak, with the Sensex surging 628 points and the Nifty gaining 154 points. • The market recovery was driven by a combination of falling US bond yields, short-covering, and overall stronger investor sentiment. • Despite the gains, analysts remain cautious due to ongoing geopolitical risks and elevated crude oil prices.

• Indian benchmark indices showed divergent trends on expiry day, with the Sensex gaining 114 points while the Nifty fell over 40 points. • Market sentiment was supported by softer inflation data, though elevated crude oil prices and geopolitical risks kept investors cautious and the Nifty rangebound. • Key focus areas for Friday include analysis by Aswath Damodaran on why major firms like Reliance and L&T are pursuing acquisitions.

• Indian stock markets are showing resilience and bullish momentum, with analysts noting that Nifty remaining above 24,600 is a key indicator for continued growth. • Market stability is currently being driven by easing crude oil prices and a stable policy outlook from the Reserve Bank of India (RBI). • Broader market strength is further supported by improving corporate earnings expectations and strategic stock-specific buying.

• The Sensex and Nifty indices have declined for four consecutive sessions, driven by rising crude oil prices and escalating tensions between the US and Iran. • Market analysts highlight significant risks including rising inflation, bearish technical indicators, and persistent volatility affecting investor sentiment. • The Nifty index is expected to face strong resistance near the 24,000 mark as it struggles to recover from the recent downturn.

• Americans are seeking clarification on whether banks, the USPS, FedEx, and stock markets are operational on Friday, July 3. • The inquiry stems from the proximity of the date to the Independence Day holiday, which typically affects business hours and federal services. • Determining these schedules is critical for individuals and businesses needing to complete financial transactions or ship packages before the holiday weekend.

• Indian equities recently rallied, with the Sensex gaining nearly 580 points following a drop in crude oil prices and dovish remarks from the US Federal Reserve. • Market sentiment was further bolstered by easing tensions in the Middle East, which helped lower energy costs and improve investor confidence. • Analysts indicate that Friday's market action will be primarily driven by Q1 earnings reports, upcoming US jobs data, and the outcomes of the India–Japan summit.

• Major streaming platforms including Netflix, JioHotstar, Prime Video, and ZEE5 are releasing new content this weekend, featuring Suriya's action drama *Karuppu* and a horror-comedy starring Akshay Kumar and director Priyadarshan. • Sports fans can access coverage of the FIFA World Cup 2026, alongside a variety of new crime thrillers and romantic dramas. • In separate tech news, Huawei has launched its own operating system designed to compete directly with Google and Apple.

• Indian equities closed largely unchanged as persistent tensions in West Asia dampened investor risk appetite and caused market oscillations. • Broader markets showed resilience and outperformed despite recent corrections, signaling strength in specific segments. • Market analysts have identified 23,500 as a critical resistance level, with key support established between 23,200 and 23,300.

• A diverse range of new movies and shows are launching this Friday across major streaming platforms including Netflix, JioHotstar, Prime Video, and ZEE5. • Key releases include the Tamil thrillers *Kara* and *Leader*, the Malayalam family drama *Cousins & Kalyanams*, and the courtroom comedy *Jolly LLB 3*. • Genre-specific highlights feature a unique superhero experience with *Spider-Noir* and a biographical look at tennis star Rafael Nadal in the project *Rafa*.

• Indian equity benchmarks closed marginally lower for the second straight session, as declines in the energy, IT, and financial sectors outweighed gains in auto stocks. • Technical analysts, including Vatsal Bhuva of LKP Securities, note that the Nifty 50 recently broke out above the 23,800 congestion zone, suggesting improving market momentum. • Market experts expect the Nifty to remain range-bound for Friday's session, identifying immediate support at 23,800 and resistance between 24,000 and 24,100.