Global markets saw a relief rally after signs emerged that the Greenland issue may be resolved through talks. Attention is now shifting to the Ukraine and Iran situations, which remain key concerns for investors.
Even so, overseas markets are expected to stay firm today.
Indian markets, however, are not showing the same optimism, mainly due to weak third-quarter corporate results.
After falling more than one percent the previous day, precious metals staged a sharp comeback:
Gold jumped to $4,966 per ounce (₹4.55 lakh)
Silver surged nearly 4 percent to around $98 per ounce (₹8,980)
In GIFT City derivatives trade:
Gift Nifty rose to 25,413 overnight
Slipped to 25,335 in the morning
➡ Indicates a slightly weaker start for Nifty
Ukraine peace talks:
Three-way discussions involving Ukraine, Russia and the US
Meetings in UAE today and tomorrow
First such joint talks since the war began three years ago
Iran tensions:
US renewed military threats
More warships, including an aircraft carrier, moved into the Mediterranean Sea
Europe
Markets closed nearly 1.5 percent higher
Relief after easing tariff fears linked to Greenland issue
United States
Markets ended higher:
Dow Jones: +306.78 points (+0.63 percent)
S&P 500: +37.73 points (+0.55 percent)
Nasdaq: +211.20 points (+0.91 percent)
Earlier Greenland-related losses were recovered in two days
After market close, Intel reported weak results:
Q4 loss: $600 million (₹5,500 crore approx)
Company warned of weak revenue and profit growth
Stock fell 13 percent in after-hours trade
This is significant because Intel shares had risen 147 percent last year due to expectations of large chip manufacturing contracts.
US futures: mildly positive
Asian markets: trading higher
Japan’s Nikkei up 0.4 percent
After three days of losses, Indian markets closed higher on Wednesday.
Intraday movement:
Sensex touched 82,783
Nifty touched 25,435
Both indices later fell sharply
Late recovery helped markets close higher
Sector performance:
Strong gains in:
PSU banks
Defence
Pharma
Healthcare
Metals
Media
FMCG
Weak sectors:
Realty
Consumer durables
Closing numbers:
Sensex: 82,307.37 (+0.49 percent)
Nifty: 25,289.90 (+0.53 percent)
Bank Nifty: 59,200 (+0.68 percent)
Market breadth:
BSE:
2,934 stocks up
1,307 stocks down
NSE:
2,337 stocks up
840 stocks down
Fund flows:
Foreign investors sold: ₹2,549.80 crore
Domestic institutions bought: ₹4,222.98 crore
Nifty outlook:
Support: 25,190 | 25,130
Resistance: 25,390 | 25,460
Trend: volatility and sideways movement likely
Federal Bank: +2.26 percent
CSB Bank: +5.55 percent
South Indian Bank: +4 percent, new 52-week high
Kalyan Jewellers: –5.5 percent
Kitex Garments: +8.5 percent
IndiGo
Q3 profit down 77.5 percent
Revenue up 6.2 percent
DLF
Strong revenue growth
Profit margins weakened
Adani Total Gas
Revenue up
Profit slightly down
Bandhan Bank
Results below expectations
IT sector
Mphasis and Cyient: lower profits
Coforge: results in line with expectations, strong order wins
Gold resumed its rally despite easing global tensions:
Wednesday close: $4,936.80 (₹4.52 lakh)
Today’s high: $4,966.40 (₹4.55 lakh)
Fast moving towards $5,000 (₹4.58 lakh)
Kerala gold price:
22-carat gold fell by ₹1,680 per sovereign
New price: ₹1,13,160
Price expected to rise today due to global rally
Global forecasts:
Samco Securities: long-term target $7,000 (₹6.41 lakh)
Goldman Sachs (2026 end): $5,400 (₹4.94 lakh)
Silver touched $98.37 (₹9,010) in Asian trade
Several global banks expect $100 (₹9,160) this year
Analysts cite:
Rising industrial demand
Supply shortages
Metals
Industrial metals fell
Aluminium was the only major gainer
Dollar and rupee
Dollar weakened
Rupee showed marginal strength
Crude oil
Brent crude: $64.40 (₹5,900) per barrel
Prices trending lower
Crypto
Bitcoin: below $89,600 (₹82 lakh)
Ether: near $2,950 (₹2.70 lakh)
Solana: around $128 (₹11,700)
➡ Volatility continues