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India’s Nifty Continues to Hit Technical Resistance at 200-Day Moving Average

Bloomberg Markets Thursday 30 July 2026, 02:30 UTC By Alex Gabriel Simon and Savio Shetty 1 min read
Key Points

Nifty Rallies Keep Stalling at a Key Technical Hurdle Good morning... I’m Alex Gabriel Simon in Mumbai, with a busy earnings day ahead. Asian stocks are off to a choppy start on Thursday, while bond markets have taken center stage after the Federal Reserve kept interest rates unchanged, with three officials dissenting in favor of a hike.

Nifty Rallies Keep Stalling at a Key Technical Hurdle Good morning... I’m Alex Gabriel Simon in Mumbai, with a busy earnings day ahead. Asian stocks are off to a choppy start on Thursday, while bond markets have taken center stage after the Federal Reserve kept interest rates unchanged, with three officials dissenting in favor of a hike. Investors dumped 30-year Treasuries, sending the yield to a 19-year high, and the dollar slid amid concern that Kevin Warsh won’t manage to rein in inflation that has run above the Fed’s target for five straight years. Geopolitics remains a focus after the US military launched a new wave of strikes against Iranian targets, following a threat from President Donald Trump to retaliate forcibly for a recent attack. As for Indian stocks, the Nifty 50 posted its best gain in more than six weeks on Wednesday, led by software and consumer staples stocks amid a broader rotation away from regional AI plays. Even so, the index remains short of momentum, as we write below. For traders, it is a packed day when it comes to earnings. Bajaj Finance, M&M, Vedanta, Tata Steel, Hyundai India, Swiggy and Life Insurance Corp. are among firms set to report as the results season winds down. In today’s newsletter, we cover: But first, let’s look at how the Nifty has hit a technical wall.
India (LOCATION) Nifty Continues (ORG) Alex Gabriel Simon (PERSON) Mumbai (LOCATION) Asian (ORG) the Federal Reserve (ORG) Treasuries (ORG) Kevin Warsh (PERSON) Fed (ORG) US (LOCATION) Iranian (ORG) Donald Trump (PERSON) Indian (ORG) Nifty (ORG) AI (ORG)
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