Index Update: The Nifty 50 fell 75.00 points to close at 25,157.50, extending its recent decline and reflecting a weak near-term trend. The index remained below its 50-day Simple Moving Average at 25,949.56, reinforcing the bearish undertone. The RSI dropped sharply to 27.89, indicating oversold conditions and stretched downside momentum. On the downside, immediate support is seen around 25,000, followed by 24,900. On the upside, resistance is placed near 25,950–26,000, with a decisive move above 26,350 needed to improve short-term sentiment.

Macro Update: India’s 10-year G-Sec yield hovered near 6.66% ahead of the FY27 Budget, as markets priced in higher government borrowing and record bond issuance. Meanwhile, the rupee hit a record low near 91.3/USD, pressured by sustained foreign outflows, trade uncertainties, and geopolitical risks, despite RBI intervention to moderate volatility.

Top Market Movers: On Wednesday, Eternal Ltd (NSE: ETERNAL) led the gainers with a 5.16% increase, closing at INR 283.50 followed by UltraTech Cement Ltd (NSE: ULTRACEMCO) up 1.43% at INR 12,231.00 and InterGlobe Aviation Ltd (NSE: INDIGO) which rose 1.40% to INR 4,857.50. On the downside followed ICICI Bank Ltd (NSE: ICICIBANK) saw the largest drop, falling 1.95% to INR 1,349.00 followed Trent Ltd (NSE: TRENT) down 1.87% to INR 3,764.40 and Tata Consumer Products Ltd (NSE: TATACONSUM), which dropped 1.81% to INR 1,163.60.     

Commodity Update: The U.S. dollar hovered near three-week lows against the euro and Swiss franc on Wednesday, as renewed White House rhetoric over Greenland weighed on U.S. assets, including equities and Treasuries. Gold rose 1.36% to USD 4,834.20, while silver eased 0.95% to USD 93.73. Copper advanced 0.55% to USD 12,851.00. Brent crude declined 1.22% to USD 64.13, pressured by expectations of higher U.S. inventories despite temporary supply disruptions.

Our Stance: Markets remained under pressure as the Nifty 50 closed lower, staying below key averages amid oversold signals. Bond yields held firm ahead of the FY27 Budget, while the rupee weakened to record lows on foreign outflows. Select stocks gained, but broader sentiment stayed cautious, with commodities showing mixed trends.

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.