21/08/25,

 

The benchmark Nifty-50 index, gaining for the third day in a row, ended at 25,050.55, up 0.28% on Wednesday. The Bank Nifty, however, at K 55,698.50, ended 0.30% lower, while Pharma was another key loser, though most other sectors, led by IT, Realty, and FMCG, were key gainers.

The mid- and small-cap stocks also gained 0.3-0.46%.

Trade Setup for Thursday

For the Nifty-50 index, the 25,000 and 24,930 levels would act as key support zones. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 25,150-25,200, as per Shrikant Chouhan, Head of Equity Research, Kotak Securities.

Key support areas for Bank Nifty are seen at 54,800 and 55,000, as per Bajaj Broking.

US Fed minutes

Minutes of the July US Fed meeting showed that a majority of Federal Reserve officials found that risks surrounding US inflation outweighed those to employment, underscoring a central bank divide over the effects of President Donald Trump's tariffs.

According to the US Fed minutes released on Wednesday, attendees of the late July meeting saw challenges to both sides of the Fed's dual mandate of maintaining stable prices and maximum employment as they mulled the right time for changes to interest rates.

Global markets today

Overall, the near-term market outlook remains positive on the back of government's policy support and consumption boost, while investors continue to track global developments, sectoral trends and key macro data, including the India and US Manufacturing and Services PMI due on Thursday, said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd.