Opening Bell - 15 / 01 / 25

Stock Market Updates

Opening Bell - Daily Morning Commentary

All eyes on US CPI

Global equity markets posted modest gains ahead of U.S. Consumer Price Index (CPI) release, with small- and mid-cap stocks leading the advance. Throughout the trading session, markets fluctuated as investors weighed upcoming inflation data and corporate earnings reports against current stock valuations and economic indicators. While the S&P 500 finished slightly higher, the Nasdaq retreated.

Market sentiment remains highly sensitive to inflation data, as stronger-than-expected figures could reinforce expectations of sustained higher rates through 2025 or even signal potential rate hikes. Conversely, weaker inflation readings might ease concerns about the Federal Reserve's monetary policy stance.

The U.S. dollar weakened against major currencies, while WTI crude oil prices declined following projections of steady demand and increased U.S. production over the next two years.

The Indian rupee recovered from historic lows, gaining 17 paise to close at 86.53 against the U.S. dollar on Tuesday. The rebound coincided with a pullback in the U.S. dollar from record highs and a recovery in Indian equities from seven-month lows.

After a sharp fall seen in the last few sessions, Nifty has formed a small candle within the previous day’s move, suggesting a potential short-term trend reversal. A break above 23,265 would confirm this upward momentum. Key resistance levels lie at 23,340 and 23,500, while 23,047 serves as crucial support, below which the bearish trend could resume.