Index Update: The Nifty 50 advanced 124.55 points to close at 25,709.85, maintaining a firm stance above the 51-day SMA at 24,929.73, which continues to provide strong support. The RSI at 69.34 indicates sustained bullish momentum despite recent minor pullbacks. A decisive move above 25,500 could reinforce the ongoing uptrend, with immediate resistance placed at 26,000 and 26,500. Overall, the broader outlook remains constructive as long as key support levels stay intact.

Macro Update: India’s 10-year bond yield fell below 6.5%, a three-week low, as dovish RBI minutes signaled possible rate cuts amid easing inflation at 1.54%, the lowest in eight years. Policymakers showed readiness to support growth, while investors monitored mixed signals from U.S.-India trade ties and geopolitical developments.

Top Market Movers: On Friday, Asian Paints Ltd (NSE: ASIANPAINT) led the gainers with a 4.07% increase, closing at INR 2,507.80 followed by Mahindra and Mahindra Ltd (NSE: M&M) up 2.43% at INR 3,647.20 and Max Healthcare Institute Ltd (NSE: MAXHEALTH) which rose 2.33% to INR 1,202.70. On the downside, Wipro Ltd (NSE: WIPRO) saw the largest drop, falling 5.09% to INR 240.90 followed Infosys Ltd (NSE: INFY) down 2.07% to INR 1,441.10 and HCL Technologies Ltd (NSE: HCLTECH), which dropped 1.90% to INR 1,486.20.

Commodity Update: The U.S. dollar weakened on Friday amid rising global trade tensions and signs of economic softness, boosting expectations of further Federal Reserve rate cuts. The dollar index is heading for its steepest weekly decline in nearly three months as the U.S. government shutdown delays key data releases. Gold rose 1.57% to USD 4,372.49 per ounce, silver edged up 0.02% to USD 53.29, copper slipped 0.62% to USD 10,571.75, and Brent crude eased 0.13% to USD 60.98 per barrel.

Our Stance: The market outlook remains positive as Nifty holds firm above key support levels, supported by FMCG gains and resilient investor sentiment. Easing inflation and dovish RBI signals strengthen expectations of rate cuts, while global uncertainty and a weaker U.S. dollar drive demand for safe-haven assets like gold, maintaining cautious optimism.

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