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Global markets traded cautiously as investors awaited U.S. President Donald Trump’s tariff announcement. While the S&P 500 and NASDAQ ended higher, the Dow dipped slightly. Treasury yields dropped on weak economic data, and gold held near record highs as a haven despite slight profit-booking. Oil prices and Asian markets remained flat, reflecting global uncertainty.
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Indian indices opened FY26 on a weak note, with Sensex and Nifty falling sharply amid rising global trade tensions. Losses were broad-based across sectors, and derivative data indicated strong resistance around 23,400 for Nifty. Analysts, however, see the dip as a buying opportunity in quality stocks.
Hindalco's Big Bet on Green Metals
Hindalco has announced a $5 billion expansion in aluminium and copper, aiming to quadruple its recycling capabilities by FY30. This move highlights the company's commitment to sustainability and the circular economy.
Jsw Energy Achieves Record Capacity Addition
JSW Energy added 3.6 GW of power generation capacity in FY25, surpassing its target and taking its total installed capacity to 10.9 GW. The largest boost came from a 2.8 GW addition in Q4.
FII-DII Activity
Foreign Institutional Investors (FIIs) were net sellers, pulling out ₹5,901.63 crore, while Domestic Institutional Investors (DIIs) provided support with net buying of ₹4,322.58 crore (provisional).
Gift Nifty suggests a flat opening. We expect Nifty Spot to trade between 22,900-23,400.
Previous Session Performance
Benchmark indices extended their decline on the first trading day of FY26 amid uncertainties over Trump’s tariff policies. Sensex closed down 1,390 points (1.80%) at 76,024.51, while Nifty dropped 353 points (1.50%) to 23,165.70. Midcap indices fell 1%, and most sectoral indices were in the red, except for media, oil & gas, and telecom, which showed marginal gains.
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Nifty Short-Term Outlook
Nifty declined for the second consecutive session, forming a bearish pattern. Volatility is expected to remain high ahead of the tariff deadline. Over the last five sessions, the index has been consolidating in the 23,800-23,000 range. Analysts suggest this dip should be used as a buying opportunity in quality stocks, with a potential upside toward 24,200 levels in the coming weeks. Key supports lie at 23,000-22,800.
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Intraday Levels for Nifty
Resistance: 23,290 & 23,400
Support: 23,030 & 22,910
Bank Nifty Intraday Levels
Resistance: 51,130 & 51,450
Support: 50,550 & 50,300
The S&P 500 climbed as tech stocks rallied despite cautious sentiment ahead of Trump’s tariff announcement. The Dow fell 11 points (0.03%), while the S&P 500 and NASDAQ rose 0.4% and 0.9%, respectively. A cooling labor market added to economic concerns ahead of Friday’s nonfarm payroll report.
Asian markets opened slightly higher on Wednesday as investors braced for the tariff impact. Japan’s Nikkei rose 0.06%, while Topix declined 0.3%. South Korea’s Kospi gained 0.14%, and the Kosdaq edged up 0.12%.
Also Read: BSE Board Approves 2:1 Bonus Issue; Stock Jumps Over 16% to Rs 5,438
For a more in-depth analysis of the option chain, including trends, key levels, and options activity, check out our detailed report. Stay informed and make data-driven market decisions! Don’t forget to subscribe to our Podcast.
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