India Market Recap

Indian equity benchmarks extended their losing streak on Tuesday as weakness in IT and realty stocks continued to weigh on market sentiment. The BSE Sensex fell 492.70 points, or 0.63%, to close at 77,235.46, while the NSE Nifty 50 declined 132.75 points, or 0.55%, to settle at 24,154.90. This marked the Nifty's sixth consecutive session of losses, its longest losing streak since September 30, 2025. On the technical front, Nifty support is placed in the 24,000–24,050 range, while resistance is seen between 24,250 and 24,300.

US Market Recap

Wall Street ended lower on Tuesday as rising crude oil prices, higher US Treasury yields and continued weakness in semiconductor stocks weighed on investor sentiment. Persistent inflation concerns and geopolitical uncertainty also kept pressure on technology and AI-related stocks. The Dow Jones Industrial Average declined 116.38 points, or 0.22%, to 53,343.40. The S&P 500 fell 0.69% to 7,691.76, while the Nasdaq Composite underperformed, dropping 1.33% to 26,289.71 amid broad-based selling in the technology sector.

Asian Market Update

Asian markets traded sharply lower on Wednesday as the global sell-off in semiconductor stocks intensified. Rising bond yields and geopolitical tensions prompted investors to reduce exposure to technology shares across the region. Japan's Nikkei 225 declined 2.38%, while the Topix lost 2.24%. South Korea's Kospi plunged 5.93%, and the Kosdaq slipped more than 3%. Market sentiment remained fragile as investors continued to monitor developments in the Middle East and the outlook for global interest rates.

Commodity Check

Crude oil prices extended their gains for a fourth consecutive session as there was little progress toward resolving the US-Iran conflict. Brent crude traded above $91 per barrel, after rising around 4.5% over the previous three sessions, while West Texas Intermediate (WTI) hovered near $85 per barrel, reflecting continued concerns over potential supply disruptions. Gold prices stabilised after recording their sharpest decline in nearly a month. Spot gold rose 0.2% to $4,343.36 per ounce, while silver slipped 0.5% to $63.02 per ounce. Platinum and palladium also edged lower as higher bond yields limited demand for precious metals. In the base metals market, pressure on copper prices eased after major traders, including Trafigura, delivered significant volumes to the London Metal Exchange (LME). The cash-to-three-month copper spread narrowed considerably, reducing supply concerns. However, LME three-month copper futures still declined 1.2% to $13,986.50 per tonne, with most other base metals also ending lower.

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