Live Market Updates Today: 14 July

The markets experienced a volatile trading session on the weekly expiry day, but managed to end marginally higher. Initially, the Nifty index saw a gap-up start, fueled by positive global cues. However, as the day progressed, the market movement remained range-bound. In the second half of the session, a sharp decline offset the earlier gains, and the Nifty settled at 19413.75 levels. The sectoral performance was mixed, with the IT and realty sectors posting strong gains, while energy and auto sectors faced losses.

Despite the attempted breakout, the Nifty failed to breach the 19300-19550 zone, indicating a further consolidation phase ahead. However, the global markets, particularly in the United States, continue to display a positive sentiment, which may have a supportive effect. It is advised to exercise caution in stock selection and prioritize risk management strategies.

Oil prices witnessed an increase on Friday, supported by concerns over tighter supply due to issues in Libya and Nigeria, as well as easing U.S. inflation. Market participants hope that the decline in inflation could lead to a pause in interest rate hikes by the U.S. Federal Reserve, the world's largest economy. Brent crude futures rose by 0.3% to $81.63 per barrel, while U.S. West Texas Intermediate crude futures climbed 0.5% to $77.24.

In June, U.S. consumer prices rose modestly, marking the smallest annual increase rate in over two years as inflation continued to subside. Producer prices also experienced minimal growth during the same period, with the annual increase being the smallest in nearly three years.

Gold prices remained strong, hovering around their highest level in nearly a month. This was supported by a weaker dollar and the anticipation that the U.S. Federal Reserve is nearing the end of its rate-hike cycle. The dollar index reached its lowest level in over a year, making gold more affordable for overseas buyers. Additionally, benchmark U.S. yields were at their lowest point in over a week, reducing the opportunity cost of holding non-yielding gold.

Overall, the market's performance reflected a cautious sentiment, with investors closely monitoring global cues and economic indicators. The potential impact of supply issues in the oil market, as well as the trajectory of inflation and interest rates, will continue to shape market dynamics in the coming days.