Stock Market

• The BSE Sensex rose by over 300 points and the Nifty50 climbed above 24,100, driven by a positive market start and falling crude oil prices linked to US-Iran hopes. • Bank Nifty outperformed the broader market, advancing 0.85 percent to close above the 58,000 mark. • Technical analysis shows strong support at the 24,000 strike due to put writing, while resistance is concentrated in the 24,200–24,300 zone.

• Global stock markets from Wall Street to Seoul are experiencing significant volatility due to the rapid rise and subsequent sell-offs of AI-driven tech stocks. • The impact varies by region, with TSMC accounting for approximately 40% of Taiwan's stock market and Softbank recently surpassing Toyota as Japan's most valuable company. • Singapore's market remains less sensitive to these swings compared to its neighbors due to a different sectoral composition.

• Asian stock markets, including indices in Australia, Japan, and South Korea, were projected to decline on Thursday, July 2. • The downturn follows a significant selloff in US chipmakers and a general retreat of US stocks overnight. • Investors are currently reacting to the market volatility and assessing recent remarks made by Federal Reserve Chairman Kevin Warsh.

• US stocks traded mixed, with the Dow Jones and S&P 500 rising while the Nasdaq lagged following comments from Fed Chair Kevin Warsh. • Warsh stated at the ECB’s Sintra forum that inflation risks have eased and emphasized that interest rate decisions will be made behind closed doors without forward guidance. • Market movements were influenced by Meta's surge due to an AI cloud report and a plunge in Shutterstock after it scrapped a merger with Getty.

• Indian equities rebounded after two days of losses, with the Sensex gaining 444 points and the Nifty reclaiming the 24,000 level. • Market sentiment was bolstered by easing geopolitical tensions, optimism regarding trade deals, and a decline in global oil prices. • Analysts from LKP Securities note that while the Nifty remains range-bound and lacks strong directional momentum, the short-term trend remains positive.

• US stock futures for the Dow Jones, S&P 500, and Nasdaq are trading lower as investors adopt a cautious stance. • Market participants are awaiting a key speech by Federal Reserve Chair Kevin Warsh at the European Central Bank Forum in Sintra, Portugal. • The downturn reflects investor uncertainty and a desire for fresh insights regarding the Federal Reserve's current outlook on inflation and interest rates.

• Major stock indexes rose on Wednesday to start the second half of the trading year, following a record-breaking quarter for the S&P 500 and Nasdaq Composite. • Federal Reserve Chair Kevin Warsh remained evasive regarding future interest rate movements during a European Central Bank conference. • While strong corporate earnings are expected to sustain market growth, experts warn that resilient inflation and potential rate hikes could create volatility.