Index Update: The Nifty 50 steadied at 25,104.25, sustaining above its 50-day SMA as RSI climbed to 61.82, reinforcing bullish momentum. The 24,600-support base reflects strong investor conviction. With the breakout intact and immediate support holding, the index is well-positioned for further gains. A decisive move above 25,200 could trigger a fresh upside, while dips near 24,900 may offer a short-term support level. The near-term outlook remains constructive.

Macro Update: India's economy exhibits resilience. The RBI cut the repo rate to 5.5% and lowered the CRR to boost liquidity. Inflation is contained at 3.7%, with GDP growth steady at 6.5%. The rupee strengthened slightly. A "neutral" policy stance indicates data-dependent future decisions, balancing growth and stability amidst global uncertainties.

Top Market Movers: On Tuesday, Grasim Industries Ltd (NSE: GRASIM) led the gainers with a 3.81% increase, closing at INR 2,708.00 followed by Dr Reddy's Laboratories Ltd (NSE: DRREDDY) up 2.25% at INR 1,348.80, and Tata Motors Ltd (NSE: TATAMOTORS) which rose 2.01% to INR 732.25. On the downside, Trent Ltd (NSE: TRENT) saw the largest drop, falling 1.68% to INR 5,814.00 followed Asian Paints Ltd (NSE: ASIANPAINT) down 1.29% to INR 2,218.90 and Bajaj Finance Ltd (NSE: BAJFINANCE), which dropped 1.14% to INR 9,497.50.

Commodity Update: The U.S. dollar held steady in narrow trading on Tuesday as investors stayed cautious amid ongoing U.S.-China trade talks ahead of key U.S. inflation data. Gold slipped 0.78% to $3,328.80, silver eased 0.42% to $36.64, and copper edged down 0.19% to $9,763.65. Brent crude rose 0.50% to $67.40, supported by geopolitical tensions and limited progress in U.S.-Iran nuclear discussions.

Our Stance: Nifty 50 remains in a constructive phase, supported by strong technical indicators and resilient macro fundamentals. Sustained levels above key moving averages and improving investor sentiment suggest potential for further upside. However, cautious positioning is prudent ahead of key global data and policy cues, especially near resistance zones.

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 2025 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.