Index Update: The Nifty 50 declined 57.95 points to close at 25,732.30, easing from the day’s high. The index finished below its 50-day Simple Moving Average at 25,961.59, which continues to act as an immediate resistance level. The RSI improved to 41.16, suggesting a modest recovery from lower levels, though overall momentum remains subdued. On the downside, support is placed near 25,500, while resistance is seen around 26,500. A sustained move above 26,350 would be required to improve near-term confidence.

Macro Update: India’s 10-year G-sec yield rose to around 6.63% after Bloomberg deferred India’s global bond index inclusion, triggering unwinding of inflow-driven positions. Tightening liquidity, cautious foreign investors, and global risk factors offset RBI support measures, keeping yield expectations elevated despite lower state borrowing.

Top Market Movers: On Tuesday, Oil and Natural Gas Corporation (NSE: ONGC) led the gainers with a 3.42% increase, closing at INR 243.78 followed by Eternal (NSE: ETERNAL) up 3.26% at INR 294.55 and Tech Mahindra (NSE: TECHM) which rose 1.81% to INR 1,614.80. On the downside followed Trent (NSE: TRENT) saw the largest drop, falling 3.32% to INR 3,921.90 followed Larsen & Toubro (NSE: LT) down 3.27% to INR 3,887.40 and Reliance Industries (NSE: RELIANCE), which dropped 2.05% to INR 1,452.80.

Commodity Update: The U.S. dollar stayed under pressure on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell, raising concerns over central bank independence and confidence in U.S. assets. Gold slipped 0.19% to USD 4,608.30, while silver rose 0.85% to USD 85.78 and copper advanced 0.94% to USD 13,219.20. Brent crude oil remained higher, trading up at USD 63.87, after surging to seven-week highs, supported by concerns that Iran’s oil exports could decline amid heightened geopolitical tensions.

Our Stance: Markets remain range-bound amid weak momentum, elevated bond yields, and mixed global cues. Technical indicators suggest limited upside unless key resistance levels are reclaimed. Stock-specific opportunities persist, but near-term caution is warranted as macro uncertainty, tight liquidity, and geopolitical risks continue to influence investor sentiment.

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.