Index Update: The Nifty 50 rose 0.42% to close at 24,980.65, holding firm above the key 24,800 mark but still trading below its 50-day SMA of 25,015.06. The RSI at 55.12 signals improving momentum, edging closer to the bullish zone. Immediate support is placed at 24,400, and a breakdown could accelerate weakness. On the upside, resistance is positioned near 25,200, with a sustained move above this level likely to pave the way for a short-term advance toward the 25,400 mark.

Macro Update: China lifted export curbs on rare earths, fertilizers, and tunnel boring machines to India, easing supply pressures for agriculture and industry. India also suspended cotton import duties until September 30 to support its textile sector amid steep U.S. tariffs. Meanwhile, the 10-year G-Sec yield spiked to 6.5% on fiscal concerns following sweeping GST tax cuts.

Top Market Movers: On Tuesday, Tata Motors Ltd (NSE: TATAMOTORS) led the gainers with a 3.59% increase, closing at INR 700.25 followed by Adani Ports and Special Economic Zone Ld (NSE: ADANIPORTS) up 3.18% at INR 1,369.40, and Reliance Industries Ltd (NSE: RELIANCE) which rose 2.78% to INR 1,420.10. On the downside, Dr Reddy's Laboratories Ltd (NSE: DRREDDY) saw the largest drop, falling 1.47% to INR 1,244.20 followed Bajaj Finserv Ltd (NSE: BAJAJFINSV) down 1.07% to INR 1,972.20 and Cipla Ltd (NSE: CIPLA), which dropped 1.04% to INR 1,548.90.

Commodity Update: The U.S. dollar held steady on Tuesday as markets awaited the outcome of a White House summit with European nations, seen as pivotal for the next phase of the Ukraine war. Precious metals were mixed: gold rose 0.05% to $3,379.60, silver slipped 0.37% to $37.88, and copper edged up 0.02% to $9,750.00. Brent crude eased 0.11% to $65.53 amid speculation that U.S.-Russia-Ukraine talks may ease sanctions on Russian oil.

Our Stance: Nifty 50 maintained resilience above support with momentum improving toward a bullish bias. Gains in autos, ports, and energy contrasted with weakness in pharma and financials. Macro relief from China’s export curbs and cotton duty suspension was tempered by rising bond yields, leaving market direction dependent on fiscal and geopolitical developments.

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.