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Below the Perspective on Markets 10 July 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

“Nvidia's Market Since ChatGPT launched in November 2022, unleashing a new age of artificial intelligence, shares of Nvidia have been on an absolute tear. And today, the company reached a level no stock ever has before, crossing $4 trillion in market value.

 With trade and tariff news feeling more routine these days, the market is bracing for the start of earnings season. The big banks, including JPMorgan Chase, Citigroup, and Wells Fargo, start reporting next Tuesday. As of now, analysts expect 5.8% earnings growth for the S&P 500 in the second quarter.

 Nifty 25476.10

Nifty did not see a follow-up upmove after breaking out of a small trading range, which is a disappointment. However, Nifty has important support levels like 25400 - 25331, respectively, suggesting that the broader trend is up.

 Overall, Nifty is stuck in a narrow range of 25331 – 25669, and this range needs to break decisively on either side to see a trending move, else we might see a choppy move in the near term.”

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