Index Update: The Nifty 50 jumped 225.20 points, closing at 24,836.30, just below the 50-day SMA at 24,842.89, now acting as firm resistance. The RSI stands at 47.23, indicating continued downward pressure approaching oversold levels. A breakout above 25,500 may signal further upside potential, while 24,430 remains the critical support to monitor for possible pullbacks.

Macro Update: India’s 10Y G-Sec yield rose to 6.59%, marking a four-week high, after RBI kept the repo rate at 5.5%, citing subdued inflation and stronger growth prospects. FY26 GDP forecast lifted to 6.8%. The rupee edged up to 88.6/USD amid GST cuts, external headwinds, and a weaker US dollar.

Top Market Movers: On Wednesday, Tata Motors Ltd (NSE: TATAMOTORS) led the gainers with a 5.61% increase, closing at INR 718.35 followed by Shriram Finance Ltd (NSE: SHRIRAMFIN) up 5.29% at INR 648.70 and Kotak Mahindra Bank Ltd Fully (NSE: KOTAKBANK) which rose 3.54% to INR 2,063.30. On the downside, Bajaj Finance Ltd (NSE: BAJFINANCE) saw the largest drop, falling 1.12% to INR 987.70 followed UltraTech Cement Ltd (NSE: ULTRACEMCO) down 1.04% to INR 12,095.00 and State Bank of India (NSE: SBIN), which dropped 0.96% to INR 864.10.

Commodity Update: The U.S. dollar steadied on Wednesday after a Republican bill to extend government funding for seven weeks failed in the Senate, raising the risk of a shutdown from midnight. Gold climbed 0.40% to $3,889.05, silver advanced 1.79% to $47.48, while copper slipped 0.08% to $10,279.80. Brent crude rose 0.20% to $66.15, supported by a draw in U.S. inventories after sharp losses on renewed OPEC+ output concerns.

Our Stance: Market sentiment remains cautiously optimistic as Nifty edges closer to resistance, supported by RBI’s growth-positive stance and stable currency. Gains in auto and financial stocks highlight selective strength, though persistent global headwinds, U.S. tariff risks, and commodity volatility suggest near-term consolidation before any decisive breakout above 25,500 can materialize.

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.