Index Update: The Nifty 50 jumped 142.60 points to settle at 26,052.65, maintaining its position comfortably above key support levels. The index continues to trade well above the 51-day EMA at 25,399.86, highlighting firm underlying strength. The RSI at 64.21 reflects steady bullish momentum, supporting a constructive broader outlook. Immediate support is located near 25,200, while resistance is positioned around 26,300. A sustained move above 25,670 could further strengthen the upward bias and boost near-term sentiment.

Macro Update: India imposed a five-year anti-dumping duty on liquid epoxy resin imports from China, Saudi Arabia, Taiwan, and South Korea to protect domestic pricing after evidence of undercutting. Meanwhile, India and the U.S. are nearing a first-phase tariff-easing deal, signalling progress toward resolving longstanding bilateral trade disputes and reducing punitive duties.

Top Market Movers: On Wednesday, Max Healthcare Institute Ltd (NSE: MAXHEALTH) led the gainers with a 4.27% increase, closing at INR 1,164.40 followed by HCL Technologies Ltd (NSE: HCLTECH) up 4.23% at INR 1,662.60 and Infosys Ltd (NSE: INFY) which rose 3.68% to INR 1,541.10. On the downside Tata Motors Passenger Vhcls Ltd (NSE: TMPV) saw the largest drop, falling 2.81% to INR 360.85 followed Coal India Ltd (NSE: COALINDIA) down 1.28% to INR 379.05 and Maruti Suzuki India Ltd (NSE: MARUTI), which dropped 1.02% to INR 15,768.00.

Commodity Update: Commodity Update: The yen steadied and the U.S. dollar held firm in early Asian trade on Wednesday as investors shifted to safe havens after a global stock selloff. Gold rose 0.26% to USD 4,077.20 per ounce, while silver gained 0.81% to USD 50.96 and copper added 0.57% to USD 10,758.50. Brent crude slipped 0.40% to USD 64.61 amid rising U.S. inventories and anticipation over upcoming U.S. sanctions on Russian oil firms.

Our Stance: Market sentiment remains constructive with Nifty holding above key support and momentum indicators strengthening. Macro signals are mixed but stable, with trade progress supporting outlook. Stock-specific action remains rotation-driven, while commodities reflect cautious risk appetite. Overall conditions favour a mild bullish bias, supported by resilient domestic factors and steady global cues.

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