US markets remained stable despite uncertainty surrounding the US Debt Ceiling crisis. The benchmark index closed on crucial levels and posted a weekly gain of 1.63%. Markets may initiate a directional bias this week, either ending in a breakout or placing an intermediate top. Negotiations over a two-year spending deal are taking place to raise the debt ceiling, with a deadline of June 01. NIFTY charts show a bullish 14-period high with a neutral weekly RSI, some resistance may be experienced at the 18590 and 18700 levels but supports lie in the 18300 and 18150 levels.
7 mutual fund NFOs will open for subscription this week
Seven mutual funds, including index, small cap, thematic, ETF, and FoF schemes, will open for subscription between June 23–27, aiming to diversify offerings and attract
June 22, 2025