After four consecutive days of decline, Indian markets rebounded to end higher on Tuesday. Investor sentiment was boosted by easing in retail inflation, which dipped to a 77-month low of 2.1% in June from 2.8% in May.
Overall, analysts expect the market to continue its consolidation in the near term; with stock-specific movements driven by Q1FY26 earnings outcomes and guidance from the management.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 85 points, or 0.34 per cent, at 25,180.50, signaling that Dalal Street was headed for negative start on Wednesday.Tech View: A decisive move above 25,260 in the coming sessions could lead to a rally towards 25,400 and beyond. On the other hand, a failure to sustain above 25,260 might weaken the bulls’ grip on the market. In that case, the Nifty may decline towards the support zone of 25,000 and 24,920–24,900.India VIX: India VIX, which is a measure of the fear in the markets, fell 4% to settle at 11.48 levels.
Asian shares fall
Asian stocks fell at the open Wednesday after mixed US inflation data spurred traders to trim Federal Reserve interest rate-cut bets.
S&P 500 futures fell 0.3% as of 9:22 a.m. Tokyo timeHang Seng futures rose 0.4%Japan’s Topix fell 0.4%Australia’s S&P/ASX 200 fell 1%Euro Stoxx 50 futures fell 0.3%
Live EventsNasdaq ends at another record high
The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors.
Dow down 0.98%, S&P 500 down 0.4%, Nasdaq up 0.18%
Gold gains
Gold prices edged higher on Wednesday, as investors digested economic data showing an increase in U.S. consumer prices last month and awaited further clarity on U.S. President Donald Trump’s trade policy.
Oil rises
Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world’s two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, at $66.92.
Dollar rises
The U.S. dollar rose alongside Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump’s tariffs were beginning to feed into prices.
Stocks in F&O ban today
RBL Bank
Hindustan Copper
Glenmark
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Rupee
The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline in global crude oil prices.