India Market Recap

Indian equity benchmarks recovered on Tuesday after Monday’s decline, supported by buying ahead of the monthly F&O expiry. The Nifty 50 gained 0.48%, to close at 24,334.55, while the Sensex rose 286.98 points, or 0.37%, to 77,656.09. Market sentiment improved during the session despite mixed global cues. On the technical front, Nifty support is placed at 24,100–24,200, while resistance is seen at 24,500–24,600.

US Market Recap

US markets ended higher on Tuesday, supported by a recovery in semiconductor stocks and falling Treasury yields. The S&P 500 gained 0.32% to close at 7,677.28, while the Nasdaq Composite advanced 0.66% to 26,151.30. The Dow Jones rose 160 points, or 0.3%, marking its third consecutive winning session. The 10-year US Treasury yield declined by more than 7 basis points to 4.625%, supporting investor sentiment.

Asian Market Update:

Asian markets were mostly positive on Wednesday, taking cues from gains on Wall Street, lower crude prices and falling US bond yields. Japan’s Nikkei 225 declined 0.60%, while the Topix gained 0.22%. South Korea’s Kospi rose 0.30%, although the Kosdaq fell 1.08%. Hong Kong futures indicated a positive opening. However, uncertainty surrounding the US-Iran peace negotiations continues to keep investors cautious.

Commodity Check

Crude oil prices extended their decline for the third consecutive session as Iran and Oman progressed discussions on a framework to restore shipping through the Strait of Hormuz. Brent crude fell below $87 per barrel, bringing its weekly decline to around 8%, while WTI traded near $81. The proposed temporary maritime corridor could ease supply concerns, although crude prices remain more than 40% higher this year due to ongoing disruptions in energy flows.

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