GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.12% at 23,212 as of 6:34 a.m. US equity-index futures (S&P 500) are lower by 0.19%, while European futures (Euro Stoxx 50) are marginally higher by 0.16%.

India Market Recap

Indian equity benchmarks ended higher on Tuesday, with markets rebounding amid weekly F&O expiry-led volatility. The NSE Nifty 50 gained 119.10 points, or 0.52%, to close at 23,242.10, while the BSE Sensex advanced 394.50 points, or 0.54%, to settle at 73,918.76. Broader markets outperformed the frontline indices. The Nifty Midcap 150 rose more than 1.2%, snapping a two-day losing streak. L&T Technology Services and PI Industries emerged as the top gainers on the index, with both stocks surging over 7%. On the technical front, Nifty support is placed in the 23,000–23,100 range, while resistance is seen between 23,500–23,550.

US Market Recap

US markets witnessed sectoral divergence on Tuesday as technology stocks came under pressure despite gains in most broader sectors. The Nasdaq 100 declined 1.1%, while nine out of the 11 sectors in the S&P 500 ended higher. Real estate led the gains with a 2.1% rise, followed by healthcare and utilities. Technology and energy stocks were the only sectors to close lower. Investor sentiment turned cautious after the US reportedly launched “self-defense strikes” against Iran following an incident involving a US military helicopter near the Strait of Hormuz.

Asian Market Update

Asian markets opened lower on Wednesday amid rising geopolitical tensions between the US and Iran. South Korea’s Kospi fell more than 2%, leading regional declines. Japan’s Nikkei 225 slipped 0.71%, while Australia’s S&P/ASX 200 traded marginally lower.

Commodity Check

Crude oil prices moved higher after tensions between the US and Iran escalated further. Brent crude rose 0.8% to $92.15 per barrel after US President Donald Trump blamed Tehran for an incident involving a US Army Apache helicopter near the Strait of Hormuz. Meanwhile, gold prices declined 1%, with bullion trading near $4,220 per ounce.

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