India Market Recap

Indian equity benchmarks remained under pressure on Wednesday, with the Nifty 50 extending its losing streak to seven consecutive sessions, its longest in nearly 11 months, as rising crude oil prices and weak global sentiment continued to weigh on investor confidence. The Nifty 50 declined 0.32% to close at 24,078.30, while the BSE Sensex fell 0.42% to 76,909.68. The Nifty remained below the 24,100 mark throughout the session, reflecting persistent selling pressure. Over the past seven sessions, the Nifty has declined around 2.1%, while the Sensex has fallen in six of the last seven sessions, also losing about 2.1%. On the technical front, Nifty support is placed in the 24,000–23,900 range, while resistance is seen between 24,250 and 24,300.

US Market Recap

Wall Street showed signs of stabilising after recent weakness, supported by a decline in US Treasury yields. The S&P 500 snapped its three-session losing streak as investors welcomed the government's measures aimed at easing pressure in the bond market. In after-hours trading, S&P 500 futures edged up 0.1%, Nasdaq-100 futures gained 0.3%, while Dow Jones Industrial Average futures were marginally higher by 19 points. The moderation in long-term bond yields improved overall market sentiment and provided support to equities.

Asian Market Update

Asian markets traded higher on Thursday, taking cues from Wall Street's overnight rebound. Lower US Treasury yields improved risk appetite across the region, with South Korea's Kospi leading gains by surging 4.41%. Japan's Nikkei 225 advanced 1.21%, while Australia's ASX 200 rose 0.29%. Investors also continued to monitor developments in global bond markets and geopolitical tensions in the Middle East.

Commodity Check

Crude oil prices remained near recent highs as investors assessed fresh US measures aimed at increasing economic pressure on Iran. Brent crude traded just below $92 per barrel, after gaining more than 5% over the previous four sessions, while West Texas Intermediate (WTI) hovered near $84 per barrel. The latest move followed US President Donald Trump's announcement of new sanctions targeting Iran's financial and commercial networks. The measures are intended to further restrict Iran's access to global trade and financial systems, with warnings that countries or businesses supporting Iranian commercial activities could face economic penalties. The renewed sanctions have added to uncertainty over Middle East energy supplies, keeping oil prices elevated and markets focused on potential supply disruptions.

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