Index Update: The Nifty 50 fell 96.55 points to close at 25,327.05 but continues to hold above the 50-day SMA at 24,885.07, offering solid support. Upward momentum remains intact, with the RSI at 63.71 nearing overbought levels. A breakout above 25,500 could unlock further upside, while 24,890 serves as the critical support to monitor for potential pullbacks.

Macro Update: Indian 10-year G-Sec yields hovered near a four-week low around 6.5%, supported by RBI’s fiscal prudence push and foreign inflows into Indian debt. Mixed Fed signals after a 25bps cut kept global rate expectations uncertain but anchored domestic sentiment reinforced stability in Indian bonds despite external volatility.

Top Market Movers: On Friday, Adani Enterprises Ltd (NSE: ADANIENT) led the gainers with a 5.08% increase, closing at INR 2,524.00 followed by IndusInd Bank Ltd (NSE: INDUSINDBK) up 1.22% at INR 744.40, and Bharti Airtel Ltd (NSE: BHARTIARTL) which rose 1.10% to INR 1,962.40. On the downside, HCL Technologies Ltd (NSE: HCLTECH) saw the largest drop, falling 1.77% to INR 1,467.40 followed Mahindra and Mahindra Ltd (NSE: M&M) down 1.38% to INR 3,592.10 and ICICI Bank Ltd (NSE: ICICIBANK), which dropped 1.37% to INR 1,402.20.

Commodity Update: Commodity Update: The U.S. dollar steadied in early Asian trade Friday, edging up against the yen ahead of the Bank of Japan’s policy decision, as markets sought fresh direction after the Federal Reserve’s rate cut. Gold rose 0.11% to $3,682.30, silver gained 0.65% to $42.38, and copper advanced 0.33% to $9,982.30. Brent crude slipped 0.12% to $67.36, pressured by concerns over U.S. fuel demand.

Our Stance: Market sentiment remains cautiously optimistic as Nifty sustains above key support levels and bond yields stay anchored near recent lows. Selective stock strength offsets sectoral weakness, while commodities reflect mixed global cues. Near-term direction hinges on Fed policy clarity, RBI guidance, and resilience of foreign inflows into Indian assets.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2026 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.