Index Update: The Nifty 50 ended marginally higher at 25,725.40, extending its recovery after early volatility and closing near the day’s high. The index is hovering close to its 50-day SMA at 25,755.84, keeping the near-term structure at a critical juncture. Momentum remains neutral, with the RSI around 51.8, reflecting balanced market conditions. On the downside, 25,500 and 25,000 remain key support zones, while on the upside, 26,000 and 26,350 continue to act as major resistance levels. A sustained move above these levels could strengthen the ongoing recovery trend.

Macro Update: Indian markets turned cautious, pausing recent gains as investors tracked developments from the AI Impact Summit and corporate AI updates. Focus now shifts to upcoming flash PMI data for signals on economic momentum. Technology outlook, policy direction, and growth indicators are expected to guide near-term market sentiment and positioning.

Top Market Movers: On Tuesday, Adani Enterprises Limited (NSE: ADANIENT) led the gainers with a 2.67% increase, closing at INR 2,242.90 followed by ITC Limited (NSE: ITC) up 2.36% at INR 325.45 and Bharat Electronics Limited (NSE: BEL) which rose 2.02% to INR 446.85. On the downside followed Hindalco Industries Limited (NSE: HINDALCO) saw the largest drop, falling 1.91% to INR 890.10 followed Eternal Limited (NSE: ETERNAL) down 1.78% to INR 281.50 and Trent Limited (NSE: TRENT), which dropped 1.36% to INR 4,171.90.

Commodity Team: The U.S. dollar held firm on Tuesday as investors looked ahead to signals later this week on the potential timing of Federal Reserve rate cuts. Precious metals retreated, with gold falling 0.74% to USD 4,978.90 and silver down 1.51% to USD 75.40, while copper eased 0.58% to USD 12,781.75. Geopolitical focus remained on Iran’s naval drills near the Strait of Hormuz ahead of nuclear talks with the U.S. in Geneva.

Our Stance: Market stance remains cautiously constructive as the index holds near key moving averages with neutral momentum. Stock-specific opportunities persist amid mixed global cues and macro uncertainty. Traders may prefer a selective approach, focusing on quality names, monitoring support levels, and awaiting clearer direction from economic data and policy developments.

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