India Market Recap

Indian equity benchmarks closed lower on Wednesday, tracking weak global cues. The Nifty 50 declined nearly 0.6%, while the Sensex fell 0.49% to 76,570.35. The Nifty Midcap 150 and Smallcap 250 also slipped nearly 0.6% each. Nifty Auto was the biggest sectoral laggard, falling around 1.8%. Most sectors ended in the red, while Nifty Energy, PSE and Realty closed higher. Nifty PSU Bank ended flat with a positive bias. On the technical front, Nifty support is placed at 23,800–23,700, while resistance is seen at 24,100–24,200.

US Market Recap

US stocks rebounded as attractive valuations and strong corporate earnings encouraged bargain buying after the recent selloff. The S&P 500 snapped a three-day losing streak, while Dell Technologies surged 16% following a strong outlook. Easing concerns over a prolonged Middle East conflict also helped improve sentiment and reduced fears of sustained energy-driven inflation and tighter Federal Reserve policy. The S&P 500 gained 0.5%, Dow Jones rose 0.6%, Nasdaq 100 advanced 0.2%, and MSCI World Index increased 0.2%.

Asian Market Update

Asian equities opened higher after US President Donald Trump played down the possibility of a prolonged conflict with Iran. Oil prices also eased after a three-day rally, supporting risk sentiment. Japan and South Korea led regional gains, lifting the MSCI Asia Pacific index by 0.4%. Hang Seng futures rose 0.5%, while Japan’s Topix gained 0.6%. The yen’s sharp appreciation, however, kept traders alert to possible intervention by Japanese authorities.

Commodity Check

Crude oil prices steadied after a three-day rally as Trump indicated that renewed attacks on Iran could be short-lived, while US officials signalled continued energy flows through the Strait of Hormuz. Brent crude traded near $95 a barrel after rising more than 8% over the past three sessions, while WTI remained below $91. Gold held its gains as concerns over prolonged Middle East tensions and energy-driven inflation eased. Bullion traded around $4,385 an ounce after rising 1% in the previous session and snapping a three-day decline. Spot gold gained 0.1% to $4,386.94 an ounce, while silver rose 0.1% to $65.38. Platinum and palladium were largely unchanged.

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