Opening Outlook (May 15):
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GIFT Nifty: Trading slightly lower by 0.04% at 24,756.50 as of 6:57 a.m. @EconomicTimes+2NDTV Profit+2The Financial Express+2
This suggests a muted start for Indian benchmarks.Business Standard+7NDTV Profit+7The Financial Express+7
Key Stocks to Watch:
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Eicher Motors: Reported a 27% YoY rise in Q4 net profit, surpassing estimates.
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Tata Power, SBI, JSW Energy, Godfrey Phillips: In focus due to recent developments and earnings reports. Live India+7Moneycontrol+7@EconomicTimes+7
Technical Levels:
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Resistance: 24,770 – 24,900
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Support: 24,500@EconomicTimes+16Moneycontrol+16Reuters+16
Analysts suggest that a decisive break above 24,770 could open the door toward the next resistance at 24,900. Moneycontrol
🌐 Global Markets
U.S. Markets (May 14):
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S&P 500: Closed slightly higher after a choppy session, as investors awaited fresh economic data following a robust start to the week. Reuters+1@EconomicTimes+1
Asian Markets (Morning of May 15):
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Japan’s Topix: Down 0.6%
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Australia’s S&P/ASX 200: Down 0.2%
Investors are grappling with U.S. debt concerns and awaiting critical economic data, leading to a cautious stance in global markets. Reuters+2Finimize+2MarketWatch+2
🛢️ Commodities
Oil Prices:
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Brent Crude: Down 1.3% to $65.21 per barrel
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WTI Crude: Down 1.5% to $62.23 per barrel@EconomicTimes
The decline is attributed to expectations of increased supply amid speculation over a possible U.S.-Iran nuclear agreement
