Ahead of the market: 10 things that will determine how the stock market moves on Wednesday

The domestic market witnessed sharp volatility in the month due to weak rupee and continued FII fund outflows. Caution was on as investors await clarity on a possible rate cut at the upcoming FOMC meeting and progress on the India-US trade deal despite some signs of improvement.

Here’s how analysts read the market pulse.
Analysts said selling pressure was becoming visible around the 26,000 level, but downside appeared to be limited given strong domestic fundamentals, including a solid earnings outlook for the second half of the year. PSU banks and real estate stocks performed well on the back of strong recovery in home loan demand and rising market share of PSU banks.

american market
The S&P 500 and Nasdaq fell on Thursday as Nvidia shares tumbled on concerns about increased competition in the AI ​​chip sector and investors digested mixed economic data delayed by the U.S. government shutdown. Alphabet’s stock price rose 2.7% after Facebook’s parent company Meta Platform discussed using Google’s AI chips in its data centers starting in 2027 and leasing chips from Google Cloud until next year, according to information.

Nvidia, which currently dominates the AI ​​chip sector, fell 6.7% to its lowest level in two months, while Advanced Micro Devices fell 9%.

european stocks
European stocks fell on Tuesday as investors took a cautious stance ahead of U.S. economic data amid growing expectations of an interest rate cut in the world’s largest economy.

The pan-European STOXX 600 index rose 0.89% to 567.91 points. Major regional exchanges also showed declines, with Germany’s DAX and France rising 0.97% and 0.93%, and Britain’s FTSE rising 0.81%.

tech view
Technical reading suggests that the index may trade in a sideways or slightly bearish trend for the next 2-4 sessions with a potential retracement towards the 20-day EMA of 58300-58400. Immediate support is at 58300, resistance holds at 59200 and positional support is near 58000.

Most active stocks by trading volume
HDFC Bank (Rs 2,487 crore), RIL (Rs 2,325 crore), ICICI Bank (Rs 1,667 crore), Bharti Airtel (Rs 1,534 crore), Infosys (Rs 1,242 crore), SBI (Rs 899 crore) and TCS (Rs 856 crore) were among the most active stocks on the BSE in 2019. Value term. The higher activity of a counter in terms of value can help identify which counters have the highest turnover for the day.

Most active stocks by trading volume
Vodafone Idea (shares traded: $56.49 billion), JP Power (shares traded: $14.8 billion), YES Bank (shares traded: $11.19 billion), Indiabulls Housing (shares traded: $4.07 billion), SAIL (shares traded: $3.78 billion), Suzlon (shares traded: $3.66 billion) and Sagility (shares traded: $3.23 billion). It was one of the most actively traded stocks in terms of trading volume on the NSE.

Stocks showing interest in buying
Shares of Aditya Birla Capital, Federal Bank, AU SFB, Hero MotoCorp, SBI, Shriram Finance and M&M Financial are among the stocks that have seen strong buying interest from market participants.

Stocks under selling pressure
The stocks that came under significant selling pressure were Reliance Infra, Deepak Nitrite, Praj Industries, SJVN, Tata Motors PV, Suven Pharma and Trent.

Sentiment Meter Bearish
Market sentiment was bearish. Of the 4,330 stocks traded on the BSE on Tuesday, 2,160 stocks declined, 2,026 rose and 144 were unchanged.