Index Update: The Nifty 50 ended at 25,141.40, up 0.15%, staying above its 50-day SMA of 24,228.01 and sustaining bullish momentum. RSI at 62.54 indicates strengthening trend without overbought pressure. The index holds above key support at 24,800–24,900, maintaining its breakout. A close above 25,200 may trigger fresh upside, while dips toward 24,900 could find support. Overall, the near-term outlook remains positive.

Macro Update: India's 10-year bond yield eased to 6.35% after an initial rise following the RBI's surprise 50 bps rate cut and neutral policy shift. The Indian rupee strengthened to 85.5/USD on robust foreign inflows, easing trade tensions, and upbeat US-India trade talks. RBI’s liquidity halt and dovish stance reflect efforts to support growth amid stable inflation.

Top Market Movers: On Wednesday, HCL Technologies Ltd (NSE: HCLTECH) led the gainers with a 3.23% increase, closing at INR 1,721.90 followed by Infosys Ltd (NSE: INFY) up 2.20% at INR 1,631.10, and Tech Mahindra Ltd (NSE: TECHM) which rose 1.65% to INR 1,637.50. On the downside, Shriram Finance Ltd (NSE: SHRIRAMFIN) saw the largest drop, falling 2.05% to INR 686.05 followed Power Grid Corporation of India Ltd (NSE: POWERGRID) down 1.86% to INR 295.45 and Adani Enterprises Ltd (NSE: ADANIENT), which dropped 1.22% to INR 2,581.20.

Commodity Update: The dollar held steady on Wednesday as investors welcomed a potential U.S.-China trade agreement framework, raising hopes of easing trade tensions. Gold rose 0.49% to $3,359.59, silver edged up 0.23% to $36.72, and copper gained 0.05% to $9,759.65. Brent crude dipped 0.36% to $66.63 amid cautious sentiment, with traders awaiting President Trump’s review and concerns over weak Chinese demand and rising OPEC+ output.

Our Stance: The market outlook remains constructive, supported by sustained index strength above key technical levels, easing bond yields, and a firmer rupee. Positive trade developments and RBI’s accommodative stance further reinforce sentiment. Select IT stocks show strong momentum, while broader consolidation and healthy macro signals suggest potential for continued near-term upside.

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.