May 26, 2025 6:58 AM IST
Sensex Today | Editor’s Take: Prashant Nair’s View On Market
US markets shut for Memorial Day on Monday
On Friday: Nasdaq -1%, Dollar Index -0.85% to 99.11
Two themes in focus
1. Has the good news on tariffs peaked?
2. Will long-end bond yields continue to rise?
Has the good news on tariffs peaked?
Trump recommended a 50% Tariff on the EU as soon as June 1st if trade negotiations fail
Bessent: Hopes Trump’s threat would “light a fire” under the EU
EU Chief Ursula von der Leyen: “Europe is ready to advance talks swiftly and decisively”
Trump responded & said he agreed to extend the 50% tariff deadline to July 9th
Trump threatens to impose 25% tariffs on Apple if iPhones weren’t made in the U.S.
Will long-end bond yields continue to rise ?
Clear gathering pressure on the back end of global interest rate curves
Question is if a break out in yields hurt stocks
Market will watch response to US Treasury bond auctions
Treasury announced $183 billion in supply for this week (auctions on Tuesday, Wednesday & Thursday)
Nifty resistance at 25,116
On the downside, Nifty support at 24,462
Bank Nifty also bounced back from 20-day MA
Bank Nifty resistance at 55,695
Bank Nifty support at 54,576
