Index Update: The Nifty 50 gained 18.70 points to close at 25,953.85, following a gap-up start and ending the session in the green. The index now trades above its 50-day SMA at 25,786.88, supporting the near-term structure. Momentum remains balanced, with the RSI at 57.88, reflecting gradual improvement from recent lows. Immediate support is seen near 25,000, while resistance is placed around 26,500, with a sustained move above 26,350 needed to strengthen the near-term outlook.

Macro Update: India’s 10-year G-Sec yield eased to around 6.73% as investors remained cautious ahead of January inflation data, expected near 2.4%. Supportive liquidity conditions limited upside, while heavy state borrowings and debt auctions kept supply concerns in focus. Markets await further cues from RBI policy and liquidity measures.

Top Market Movers: On Wednesday, Eicher Motors Limited (NSE: EICHERMOT) led the gainers with a 6.51% increase, closing at INR 7,771.00 followed by Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) up 3.99% at INR 7,507.00 and State Bank of India (NSE: SBIN) which rose 3.39% to INR 1.182.90. On the downside followed Tata Consultancy Services Limited (NSE: TCS) saw the largest drop, falling 2.51% to INR 2,909.80 followed Coal India Limited (NSE: COALINDIA) down 1.79% to INR 423.25 and Infosys Limited (NSE: INFY), which dropped 1.73% to INR 1,471.90.

Commodity Update: Commodity Update: The Japanese yen retained firm gains, supported by a rally in domestic equities and expectations that Prime Minister Sanae Takaichi’s decisive election win may reinforce fiscal discipline. The U.S. dollar traded cautiously ahead of the non-farm payrolls report after softer economic indicators. Gold rose 0.91% to USD 5,076.70, silver gained 2.16% to USD 82.11, copper edged up 0.10%, and Brent crude advanced 0.60% to USD 69.18.

Our Stance: Market tone remains cautiously constructive as the Nifty holds above key moving averages, supported by stable liquidity and easing bond yields. However, resistance near 26,350–26,500 may limit immediate upside. Stock-specific action is likely to dominate, while inflation data, RBI signals, and global cues remain critical near-term drivers.

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.