Nifty is set to renew its attempt to cross the 26,000 mark today. While US and European markets ended mixed to weak overnight, US futures are trading higher this morning. Asian markets are also in positive territory.
Concerns that the US could resume bombing Iran amid a lack of progress in talks have resurfaced, pushing crude oil prices higher.
In derivatives trade at Gift City, Gift Nifty closed at 26,038.50 overnight and moved up to 26,060 this morning, indicating a positive opening for Indian equities.
In the ADR market in New York:
Infosys rose 1.85 percent
Wipro gained 2.46 percent
Indian equities ended with modest gains amid limited volatility.
Sector trends:
Pharma, healthcare and banks declined
Auto, metal and media stocks advanced
The US has agreed to import garments made in Bangladesh using US cotton and synthetic yarn without duty, while cutting tariffs on other Bangladeshi goods from 20 percent to 19 percent.
This is seen as negative for India’s garment exports and for cotton yarn shipments to Bangladesh. The market ignored government and exporter assurances that the impact would be limited.
Stocks such as Gokaldas Exports, Kitex Garments, Welspun Living and Arvind fell up to 8 percent.
Nifty once again failed to sustain above 26,000.
Immediate support: 25,895 and 25,855
Resistance: 26,000 and 26,055
A sustained move above 26,400–26,600 could strengthen the ongoing bullish momentum.
MSCI has included Aditya Birla Capital and L&T Finance in its Global Standard Index, while removing IRCTC.
Expected inflows: $257 million into Aditya Birla Capital, $238 million into L&T Finance
Expected outflow: $142 million from IRCTC
AU Small Finance Bank may see additional inflows of $172 million
Titan: revenue up 40 percent, net profit up 48 percent; margin improved by 1 percent
Grasim Industries: revenue up 25.3 percent, net profit up 26.5 percent; margin up 0.9 percent
Apollo Hospitals: revenue up 17.2 percent, net profit up 35 percent; margin rose to 14.9 percent from 13.8 percent
Britannia: revenue up 8 percent, net profit up 17 percent; margin rose to 19.7 percent from 18.4 percent
Eicher Motors: revenue up 23 percent, net profit up 21.3 percent; operating margin improved to 25.5 percent
The government will sell a 5 percent stake in BHEL through an offer for sale at a floor price of ₹254, an 8 percent discount.
The Dow Jones touched a record intraday high of 50,512 but pared gains to end with only a marginal rise. Software stocks had faced pressure in recent sessions, and fresh concerns emerged around financial services stocks, amid fears that artificial intelligence could disrupt revenue streams. Some leading financial names fell as much as 8.75 percent.
Dow Jones: up 52.27 points (0.10 percent) at 50,188.14
S&P 500: down 23.01 points (0.33 percent) at 6,941.81
Nasdaq: down 136.20 points (0.59 percent) at 23,102.47
US futures this morning:
Dow up 0.26 percent
S&P 500 up 0.31 percent
Nasdaq up 0.40 percent
European markets closed slightly lower, except France which ended marginally higher. Philips surged 12.2 percent after returning to annual profit in 2025, while BP fell 6.3 percent after trimming its profit outlook.
Australia up 1.30 percent
South Korea up 0.20 percent
Hong Kong up 0.25 percent
China marginally lower
China’s retail inflation came in below expectations, while wholesale prices continued to decline.
Gold, after staying above $5,000 for four consecutive days, is struggling to decisively cross $5,100.
Gold touched $5,079.30 per ounce before closing at $5,026.80
This morning: around $5,053
Silver surged over 7 percent to $84.14 per ounce before closing at $80.94; it is trading near $81.78 this morning.
In Kerala, 22-carat gold rose ₹640 to close at ₹1,16,440 per sovereign.
On MCX:
Gold (24 carat, 10g): ₹1,56,539
Silver (kg): ₹2,52,300
Brent closed at $69.10 per barrel. It slipped to $68.80 this morning before rebounding to around $69.25 on renewed geopolitical concerns.
WTI: $64.38
Murban: $69.02
Natural gas: $3.15
The rupee strengthened by 18 paise to close at ₹90.58 against the dollar. It is trading around ₹90.59 in early forex trade.
Bitcoin above $68,900
Ether above $2,020
Solana above $83
Sensex: 84,273.92 (+0.25%)
Nifty 50: 25,935.15 (+0.26%)
Bank Nifty: 60,626.40 (-0.07%)
Mid cap 100: 60,735.90 (+0.49%)
Small cap 100: 17,451.20 (+0.38%)
Dow Jones: 50,188.14 (+0.10%)
S&P 500: 6,941.81 (-0.33%)
Nasdaq: 23,102.47 (-0.59%)
Dollar: ₹90.58 (-0.18)