Index Update: The Nifty 50 rose 0.57% to close at 24,821.10 but remained below its 51-day Simple Moving Average of 25,050.87, indicating ongoing consolidation and softening momentum. The RSI at 42.05 suggests prevailing bearish pressure. Key support is seen at 25,053.62, with a break potentially leading to 24,400. Conversely, a sustained move above 25,400 could shift sentiment positively, opening the path toward the 26,000 level.

Macro Update: India’s industrial production grew just 1.5% in June 2025, the slowest in 10 months, as mining and electricity output contracted. The rupee fell to 86.6/USD amid stalled U.S. trade talks and rising tariff risks. With inflation dropping to a six-year low of 2.1%, markets anticipate continued RBI rate cuts ahead.

Top Market Movers: On Tuesday, Jio Financial Services Ltd (NSE: JIOFIN) led the gainers with a 4.47% increase, closing at INR 321.10 followed by Larsen and Toubro Ltd (NSE: LT) up 2.14% at INR 3,495.60, and Reliance Industries Ltd (NSE: RELIANCE) which rose 2.13% to INR 1,417.10. On the downside, SBI Life Insurance Company Ltd (NSE: SBILIFE) saw the largest drop, falling 0.92% to INR 1,833.40 followed Axis Bank Ltd (NSE: AXISBANK) down 0.88% to INR 1,064.20 and Tata Consultancy Services Ltd (NSE: TCS), which dropped 0.76% to INR 3,056.00.

Commodity Update: The euro continued to struggle after the U.S.-EU trade deal largely favoured the U.S., dampening optimism for Europe’s economy. Gold saw a slight rise of 0.023% to $3,374.70, while silver jumped 0.27% to $38.31. Copper dipped 0.04% to $9,792.90. Brent crude gained 0.10% to $70.09, driven by supply concerns after President Trump shortened Russia’s war deadline and positive U.S. trade developments eased EU tariff fears, raising hopes for higher energy demand.

Our Stance: Maintaining a cautious outlook as Nifty remains below key resistance and momentum softens. Industrial growth weakness and falling inflation reinforce expectations of further RBI rate cuts. Global trade tensions and currency volatility add to near-term uncertainty. Focus stays on defensive sectors and quality large caps amid mixed macro signals and earnings sensitivity.

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.