Index Update: The Nifty 50 gained 106.95 points to close at 25,790.25, rebounding from the key 25,500 support level. Despite the recovery, the index finished below its 50-day Simple Moving Average at 25,961.39, which continues to act as immediate resistance. The RSI improved to 42.84, indicating a mild pickup in momentum, though overall strength 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 needed to revive upside confidence.

Macro Update: The Indian rupee weakened to around 90.2 per dollar amid persistent foreign outflows, heavy domestic debt supply, and policy uncertainty. Large state and central government borrowings lifted yields, while RBI bond purchases offered limited support. Global sentiment softened due to rising US political–monetary policy tensions.

Top Market Movers: On Monday, Coal India Ltd (NSE: COALINDIA) led the gainers with a 3.33% increase, closing at INR 432.30 followed by Tata Steel Ltd (NSE: TATASTEEL) up 2.71% at INR 183.24 and Asian Paints Ltd (NSE: ASIANPAINT) which rose 2.51% to INR 2,896.40. On the downside followed Infosys Ltd (NSE: INFY) saw the largest drop, falling 1.13% to INR 1,595.90 followed Tata Motors Passenger Vehicles Ltd (NSE: TMPV) down 1.02% to INR 350.55 and Eicher Motors Ltd (NSE: EICHERMOT), which dropped 0.95% to INR 7,436.00.

Commodity Update: The U.S. dollar eased from its strongest level in one month on Monday after U.S. prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell, intensifying tensions with the Trump administration. Gold rose 2.00 % to USD 4,590.96, silver surged 4.93 % to USD 83.26, and copper climbed 0.97 % to USD 13,106.35. Brent crude was slightly down 0.01 % at USD 63.29 amid Iran supply concerns.

Our Stance: Market stance remains cautiously optimistic. Nifty’s rebound from 25,500 offers short-term relief but staying below the 50-day SMA signals lingering weakness. Momentum is improving, not decisive. Rupee pressure, foreign outflows, and global uncertainty cap upside unless 26,350–26,500 is convincingly crossed.

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.