Stock Market Updates

Opening Bell - Morning CommentaryIran War Clouds Send Markets SlidingWall Street ended lower on Thursday, with losses in private equity companies and weakness in Walmart and Apple, while earnings-driven gains in industrials limited losses.The weakness on Wall Street partly reflected a negative reaction to Walmart's earnings, with the retail giant slumping 1.4 per cent. The company provided weaker-than-expected earnings guidance for the current year.Negative sentiment may also have been driven by a continued spike in crude oil prices amid concerns of a military conflict between the U.S. and Iran.The major averages finished the day off their lows of the session but still in negative territory. The Dow slid 267 points to 49,395, the Nasdaq fell 70 points to 22682, and the S&P 500 dipped 19 points to 6861.President Donald Trump said Thursday that he will decide whether to launch military strikes against Iran in the next 10 days.Private equity companies slid after Blue Owl Capital announced it would sell $1.4 billion in assets and freeze redemptions at one of its funds to manage debt and return capital.  Blue Owl tumbled 6%. Apollo Global Management, Ares, KKR & Co and Carlyle Group all fell between 1.9% and 5.2% as Blue Owl's troubles added to recent worries about credit quality and lenders' exposure to software stocks.The U.S. trade deficit widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite tariffs on foreign-manufactured merchandise.Crude oil jumped above $66 as geopolitical tensions between the US and Iran escalated, reaching its highest level since July after climbing more than 7% over two days. The market is pricing in potential disruptions to the Strait of Hormuz, which handles approximately 20% of global oil supply, amid a significant US military buildup in the Middle East.The US Dollar Index rose to its highest level in over a week, near 97.80, after FOMC minutes revealed that officials are not rushing to cut rates, with several policymakers noting potential hikes if inflation remains elevated. The hawkish tone pressured EUR/USD down 0.11% to $1.18 and drove gains against most major currencies.Gold prices remained above $5,000 per troy ounce, supported by escalating US-Iran tensions and geopolitical uncertainty, despite a stronger dollar. The precious metal gained over 2% in the previous session as investors sought safety amid potential military action in the Middle East and failed peace talks between the US and Iran and Russia and Ukraine.Asian markets opened lower today, following Wall Street's decline, as sentiment was dampened by the military buildup in the Middle East and concerns over oil supply disruptions.The Nifty snapped its three-session winning streak yesterday, plunging 1.4% to close at 25,454, its lowest close since the Budget session (February 03, 2026). Below 25372, Nifty could extend its fall towards its 200-day EMA placed at 25233. On the higher side, the 25550-25600 band could act as short-term resistance.Indian markets are poised to open moderately higher in line with positive global cues.

Opening Bell - Morning CommentaryMarkets Inch Up Amid AI Cost ConcernsU.S. stocks edged higher Tuesday after a sluggish open, lifted by a rebound in technology shares and support from financials.Amazon shares swung violently after shedding roughly $450 billion in market value over nine consecutive sessions. Investors are scrutinising the company's plan to spend $200 billion on AI infrastructure in 2026—a nearly 60% increase that significantly exceeded Wall Street expectations.US Futures are pointing lower, with Nasdaq 100 futures declining amid concerns about AI's disruption across industries and the burden of heavy capital spending.Gold slipped to $4,919 per ounce yesterday as metals markets stayed cautious ahead of key U.S. data releases: industrial production and the Fed's January meeting minutes today, PCE inflation on Friday. December personal income and spending figures will also draw attention, as they carry the Fed's preferred inflation gauge.Crude oil fell to $62.25 per barrel, while Brent declined to $68.13, ahead of U.S.-Iran ministerial negotiations.The New Zealand dollar weakened after the central bank signalled that monetary policy must remain accommodative to sustain the economic recovery.Most Asian markets are closed due to lunar holidays, while Japanese equities are trading higher today despite lingering AI-driven anxiety in global markets.Despite a weak start yesterday on a weekly expiry day, the index staged an intraday turnaround, surging over 150 points from its morning lows. The rebound was broad-based, with nearly all sectoral indices finishing in the green.Nifty managed to register follow-up gains in yesterday's trade. Next resistance for the Nifty is seen near 26000, while levels of 25570 and 25372 could offer support in the near term.Indian markets are poised to open moderately higher in line with positive global cues.

Opening Bell - Morning CommentaryRBI Circular on Capital Market Exposures to Impact Liquidity in Derivative MarketsThe US stock market's recent moves can be characterised by a shift from cautious optimism to a sharp mid-week sell-off, which was ultimately stabilised by a cooling inflation report. Last week began with the Dow Jones Industrial Average and S&P 500 hovering around key psychological levels (50,000 and 7,000, respectively). However, sentiment soured from Thursday, February 12, as the market aggressively "punished" the software sector.The Indian market was a tale of two halves over the last fortnight - an initial rally driven by a historic trade agreement, followed by a sharp correction triggered by sticky inflation and global tech jitters. The US-India landmark deal initially boosted export-oriented sectors such as textiles and auto components.The Nifty IT index has declined by more than 14% in 2026, and the sector has shed over ₹1.56 lakh crore in market value in recent weeks.The RBI's new circular tightens banks' capital market exposures, banning intraday margin funding to brokers (limited to secured settlement gaps) and requiring 100% cash backing for bank guarantees in proprietary trading.The circular will raise costs for brokers and prop desks, curbing leverage and liquidity in derivatives, where prop trading drives 40% of F&O turnover.The Nifty index fell on Friday, plunging 336 points, or 1.3%, to close at 25,471. Nifty violated its crucial support levels of the 20 and 50-day EMAs. The next support lies at the lower band of the gap formed on February 3, 2026 (25,108), though the 200-day EMA at 25,215 may provide interim support.Market breadth deteriorated sharply, underscoring ongoing profit-booking in midcaps and smallcaps.Indian markets are poised to open lower on cautious local cues.

Opening Bell - Morning CommentaryAsian Stocks Hit Record Highs, Nifty Primed for All-Time High Rally Above Key 26,000 ResistanceAsian stocks rose to a record high on Thursday, while the dollar firmed a touch against most currencies, except the yen, after stronger-than-expected U.S. jobs data dented near-term rate-cut expectations, setting the stage for the inflation report on Friday.The US economy added 130,000 jobs in January, double expectations, while unemployment unexpectedly fell to 4.3%. The robust labour data pushed Treasury yields higher and prompted traders to pare back their expectations for a Federal Reserve rate cut in 2026.Financial services stocks JPMorgan, Bank of America, and Charles Schwab fell by more than 2% amid concerns about AI-driven disruption in wealth management. Software companies Salesforce and Intuit also declined more than 4% as AI-powered tools threaten traditional business models.Shopify shares surged after beating Q4 revenue estimates and announcing a $2 billion share repurchase program. The e-commerce platform also provided solid first-quarter revenue growth guidance, boosting investor confidence.Mattel shares cratered after Q4 earnings and revenue missed estimates, with the toy maker guiding for declining adjusted EPS in 2026 despite expected sales growth. The stock hit its lowest level since last April on the disappointing forecast.Gold futures surged 1.3% to over $5,090 per ounce while silver jumped more than 5% to $84.65 yesterday. The rally was fueled by a softer US dollar and disappointing economic data, including flat December retail sales.Oil prices edged up amid concerns about escalating tensions between the U.S. and Iran.The rupee slid 12 paise to 90.70/$ amid rising crude and precious metal prices, fueling importer demand for dollars.The Nifty extended its winning streak to a fourth consecutive session, eking out a modest 18-point gain to finish at 25,953. Nifty continues to hold its uptrend with its level above all key moving averages. Immediate resistance for the Nifty is seen near 26000; above this, the index could extend the rally towards a fresh all-time high of 26373. On the downside, the 25700-25780 band could provide strong support for the index.Indian markets are poised to open subdued on softer global cues.

Opening Bell - Morning CommentaryMajor US stock indexes were mixed on Tuesday. The S&P 500 and the Nasdaq closed lower, while the Dow edged up to its third record close in a row, as investors digested disappointing retail sales figures and waited for a key labour market report.U.S. retail sales were unexpectedly unchanged in December as households scaled back spending on motor vehicles and other big-ticket items, potentially setting consumer spending and the economy on a slower growth path heading into the new year.Treasury yields fell after U.S. data suggested the economy may be softening.The yen was up again in the wake of Japanese Prime Minister Sanae Takaichi's decisive weekend election victory.Lyft forecast first-quarter adjusted core profit below expectations on Tuesday, hit by severe U.S. winter weather, seasonal cost pressures, and posted a surprise operating loss for 2025, sending its shares down 16% in after-hours trading.Robinhood Markets fell 6.2% in late trading after reporting fourth-quarter revenue growth that trailed Wall Street estimates. The disappointing results overshadowed other metrics as investors reassessed growth expectations for the online brokerage platform.Shares of LPL Financial fell 8.3%, Charles Schwab declined 7.4%, and Morgan Stanley dropped 2.5% after tech platform Altruist introduced a new AI-powered tax planning tool.Back home, Nifty rose for the third straight session, fueled by robust global cues, gaining 67 points to close at 25,935. Despite the weekly expiry yesterday, the index remained largely range-bound, oscillating within a tight 100-point consolidation zone. Nifty continues to hold its uptrend with its level above all key moving averages. Short-term resistance for the Nifty is seen near 26000, above which the index could extend the rally towards a fresh all-time high above 26373. On the downside, the 25600-25670 band could provide strong support for the index.Our markets are gradually inching higher as foreign investors cover their short in derivatives and become selective buyers in the cash markets.Indian markets are poised to open higher today on conducive global cues.

Opening Bell - Morning CommentaryDow at New All-Time High; Broad-Based Rally Lifts Indian MarketsWorld stocks rallied on Monday, propelled by optimism over Japanese Prime Minister Sanae Takaichi's thumping election win and a tech rebound, while the dollar slumped amid reports that China has advised financial institutions to curb exposure to U.S. bonds.U.S. stocks moved mostly higher over the course of the trading day on Monday, extending the strong upward move seen in last Friday's session. The Dow Jones Industrial Average closed at a new all-time high of 50135, rising modestly as markets recovered from last week's volatility. The S&P 500 climbed 0.5%, and the Nasdaq advanced 0.9%, with technology stocks powering the rally.Oracle jumped 9.6% after an upgrade, while AppLovin soared over 13% following a retraction of critical allegations. The Information Technology sector gained 1.4%, leading the S&P 500 higher as investors returned to beaten-down software names.Investors await delayed January employment data on Wednesday and CPI inflation figures on Friday. The data releases will provide crucial guidance on Federal Reserve interest rate policy for the remainder of 2026. The monthly job report is expected to show employment climbed by 70,000 jobs in January after rising by 50,000 jobs in December, while the unemployment rate is expected to hold at 4.4 per cent.Oil prices eased slightly on Tuesday as traders gauged the potential for supply disruptions, following U.S. guidance on vessels transiting the Strait of Hormuz that kept attention squarely on tensions between Washington and Tehran.Nifty kicked off the week strongly, surging 173 points to close at 25867. It staged a 100-point recovery from the day's low after early profit booking, signalling clear bull control as it ended near the session high. Short-term resistance looms near 26000; a break above could propel it toward fresh all-time highs beyond 26373. On the downside, the 25450–25500 zone remains a strong support.Indian markets are positioned to open higher on conducive global cues.

Opening Bell - Morning CommentaryAI Anxiety Hits Wall StreetWall Street ended sharply lower on Tuesday as investors worried that AI could create more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.The tech-heavy Nasdaq fell 1.4% as software stocks extended losses, Anthropic's launch of workplace productivity tools intensified worries, with the sector shedding approximately $300 billion in market value.Walmart became the first retailer ever to hit $1 trillion in market valuation on Tuesday, riding on a year-long rally that has seen its shares rise nearly 26%, placing it among the ranks of Big Tech heavyweights such as Nvidia and Alphabet.Crude oil rose 1.25% to $64.00 per barrel after initially falling on reports of potential US-Iran nuclear negotiations resuming in Turkey. The US shot down an Iranian drone and remains cautious about armed boats, while the India-US trade deal could redirect Russian oil flows and tighten supply elsewhere.The Nifty opened with its largest single-day absolute gain of over 1,200 points yesterday, fueled by the long-awaited US tariff cuts on Indian imports. The index settled up 639 points at 25,727, marking its highest one-day percentage gain since May 12, 2025. Bank Nifty touched a fresh all-time high of 61,764 and closed with a robust 2.4% advance.The Indian Rupee delivered its biggest single-day gain since December 18, 2018, closing at 90.27 vs. USD—its highest in three weeks—driven by "risk-on" sentiment and exporter dollar unwinding post-trade deal news.Nifty's 1770 point recovery from the recent swing low of 24,571 has reclaimed levels above the 20, 50, 100, and 200-day EMAs, confirming a bullish trend reversal across timeframes. Nifty’s Key support lies in the 25,500–25,650 band, with resistance at 25,863 and 26,373.Indian markets are positioned to open modestly lower on cautious global cues.

Opening Bell - Morning CommentaryWe Have A Deal! Markets are likely to surge nearly 3% higher on open India and the United States have agreed to a trade agreement under which reciprocal tariffs on Indian goods will be slashed to 18% from 25%, and the additional 25% duty on purchases of Russian crude oil will be eliminated. The trade deal will be " effective immediately", President Donald Trump said, following a phone call with Prime Minister Narendra Modi late Monday, offering immediate tariff relief for India.Lower Than Most Regional PeersAt 18%, India's tariff rate is now lower than that of several major export-oriented Asian economies. Bangladesh, Sri Lanka, Taiwan and Vietnam face tariffs of 20%, while Indonesia, Malaysia, Thailand, the Philippines and Pakistan face tariffs of 19%. Cambodia also faces a higher tariff burden at 19%.The deal includes the rollback of US tariffs on India from 50% to just 18%, a commitment from India to increase US imports by $500 billion, and a reduction in dependence on Russian oil.The trade deal is likely to stabilise the rupee and ease pressure on domestic interest rates.Labour-intensive sectors such as textiles, gems and jewellery, and engineering goods are the clear winners, as all faced growth headwinds due to higher tariffs. India will have to move away from Russian crude oil in favour of imports from the US and Venezuela, following the removal of Russian oil-related penaltiesIndian equity markets are expected to surge 3% on open as the deal completely eliminates key policy uncertainties. The positive sentiment could trigger immediate foreign capital inflows, potentially turning India's Balance of Payments (BoP) position. This positive surprise will force many participants, including FPIs who are heavily short in the market, to cover their positions, which should lead to a sharp surge across indices and derivative stocks in today's session.

Opening Bell - Morning CommentaryU.S.-Iran Tensions Drive Oil Above $70, Nifty Breaks Key Resistance LevelsVolatility surged through world markets on Thursday as fears over a U.S. strike on Iran and the threat of another U.S. government shutdown roiled oil and metals, while AI bubble concerns hammered tech stocks and pushed the Nasdaq and S&P 500 into negative territory.Oil prices climbed sharply, driven by renewed geopolitical risk concerns centred on U.S.-Iran tensions. Brent crude broke above $70 a barrel on Thursday for the first time since July, while WTI crude reached its highest level since September. The rally was triggered by President Trump's escalating threats of military action against Iran and deployment of naval forces to the region, combined with an unexpected 2.3 million barrel drop in U.S. crude inventories.US stocks mounted a substantial recovery attempt during Thursday's trading session. The major averages climbed well off their worst levels of the day, with the Dow reaching positive territory.The early sell-off on Wall Street stemmed from a steep drop in Microsoft shares, which plummeted 10.0 per cent to its lowest closing level in nine months.Microsoft came under pressure after reporting slowing cloud growth in its fiscal second quarter and providing disappointing third-quarter operating margin guidance.U.S. software stocks declined on Thursday after SAP's underwhelming cloud outlook and a post-earnings slide in ServiceNow deepened concerns that traditional providers are being outpaced by artificial-intelligence players. ServiceNow was down 9%, and SAP fell sharply after weak cloud backlog results. Investors fear AI could disrupt traditional software business models, with markets now demanding clear monetisation strategies rather than increased spending on AI infrastructure alone.Meta spiked 10.4 per cent on the day after the Facebook parent reported better-than-expected fourth-quarter results and forecast first-quarter revenues above analyst estimates.Asian Stocks remained volatile in early trading on Friday after U.S. President Donald Trump endorsed a bipartisan deal to avert a fresh government shutdown.The Nifty extended its winning streak to a third session, adding 76 points to settle at 25,418 in a highly volatile session. Market sentiments were buoyed by the Economic Survey presented in parliament by the Union Finance Minister, which projected FY26 real GDP growth at 7.4% amid macroeconomic resilience, low inflation, and structural reforms.Nifty has surpassed crucial resistances at the 10 DEMA (25396) and the swing high (25435). Nifty seems to have reversed the short-term bearish trend and could head higher towards the next resistance levels of its 20 and 50-DEMAs, at 25568 and 25712, respectively. Support for the index shifted higher to 25150.Indian markets are positioned to open modestly lower on cautious global cues.

Opening Bell - Morning CommentaryFed Holds Rates Steady - Attention Turns to Union BudgetMajor U.S. stock indexes closed largely flat on Wednesday after the Federal Reserve's policy announcement. After initial gains, the major indexes pulled back and traded near unchanged levels for most of the session, eventually ending narrowly mixed.The S&P 500 briefly surpassed 7,000 for the first time during morning trading. The Nasdaq gained 0.91%, driven by semiconductor strength following ASML's record orders, Texas Instruments' strong guidance, and optimism around sustained AI infrastructure spending.The Federal Reserve held interest rates steady at 3.50% to 3.75% following three consecutive quarter-point cuts. Chair Jerome Powell described the economy as solid, with diminished risks to both inflation and employment, signalling that the central bank will likely remain on hold, with inflation still somewhat elevated.The U.S. Dollar Index recovered to 96.18 on January 29 after hitting four-year lows near 95.50, following Treasury Secretary Scott Bessent's reaffirmation of a strong dollar policy. The dollar has weakened 10.78% over the past year amid tariff concerns, geopolitical uncertainties, and President Trump's comments accepting currency weakness.The euro reached $1.20 for the first time since 2021, marking a 13% gain in 2025, supported by European fiscal stimulus, particularly from Germany, and by reduced reliance on the dollar.WTI crude oil rose 0.87% to $63.76, reaching four-month highs amid heightened geopolitical tensions after President Trump warned Iran to negotiate, with additional support from a weaker dollar and winter weather.Gold reached an all-time high above $5,500 per ounce with a record single-day gain of $221.70, while silver surged to $116.48, up 277% year-over-year, driven by dollar weakness, geopolitical tensions with Iran, and safe-haven demand.Nifty extended gains for the second consecutive session, rising 167 points (0.66%) to close at 25,342.The short-term trend has turned positive, as Nifty has crossed its 5-day EMA at 25270. To maintain this bullish bias, the index must hold the recent swing low of 24,932. Immediate resistance is placed at 25,435, followed by positional 50DEMA resistance at 25,725.Indian markets are positioned to open modestly lower on cautious global cues.

Opening Bell - Morning CommentaryUS FOMC announcement in Focus, Indian Markets Boosted by EU Trade DealWorld stocks and the S&P 500 reached new highs Tuesday, driven by strong U.S. earnings, while anxiety over President Trump's policies pushed gold to record levels and the dollar to a four-year low.The S&P 500 rose 0.6% to close at a record near 6,994, and the Nasdaq gained 1.0% as investors focused on big-tech earnings. Apple climbed 3%, Meta rose 2.1%, and Microsoft gained 0.9% ahead of results, while the Dow fell 0.5%, dragged down by UnitedHealth's 18% plunge.UnitedHealth shares crashed after the Trump administration proposed a minor increase in Medicare Advantage payment rates for 2027, far below expectations. The insurer also issued weak 2026 revenue guidance, pulling down Humana (-17%) and CVS Health (-12%).The U.S. Dollar Index fell to its lowest level since February 2022, reaching 96.20 as investors grew wary of unpredictable Washington policymaking. Trump's comments that the dollar is "doing great" and can fluctuate "like a yo-yo" failed to halt the decline, which accelerated after he expressed no concern about the weakness.The Federal Reserve is expected to hold rates between 3.5% and 3.75% when it announces its decision today. Markets show a 95.6% probability of unchanged rates. The announcement comes ahead of the expiration of Fed Chair Jerome Powell's term in May.Gold hit an all-time high above $5,110 per ounce, climbing over 1% to around $5,080 Tuesday on safe-haven demand amid escalating trade tensions and geopolitical risks.Trump announced tariffs on South Korean goods would rise from 15% to 25%, affecting cars, pharmaceuticals, and other products, citing Seoul's failure to enact a July trade deal. The move intensified trade tensions as markets await the Fed's decision.The Conference Board Consumer Confidence Index plunged 9.7 points to 84.5 in January, the lowest since 2014. The Expectations Index fell to 65.1, well below the recession threshold of 80, reflecting consumer concerns about inflation, tariffs, and labour markets despite strong GDP growth.Nifty staged a dramatic intraday reversal, gaining 126 points to close at 25,175 after plunging to test the key swing low support level. Nifty formed a double bottom pattern near 25,900 support while reclaiming both 200DMA and 200EMA, indicating early signs of a potential bullish reversal. However, confirmation requires a decisive break above the prior swing high resistance at 25,435, with 24,900 acting as immediate support.Indian equity markets are poised to open on a positive note, buoyed by robust sentiment surrounding the India-EU trade agreement.

Opening Bell - Morning CommentaryTrump's Tariff Retreat Sparks Wall-Street Rally.US stocks rallied for a second consecutive day on Thursday after President Trump backed away from threats of tariffs on Europe, easing geopolitical tensions. The S&P 500 rose 1.16% to 6,875.62, the Dow gained 1.21% to 49,077.23, and the Nasdaq climbed 1.18% to 23,224.82.The market rebound accelerated after Trump announced a framework deal with NATO on Greenland and the Arctic region. Trump ruled out the use of military force to acquire Greenland during a Wednesday speech, signalling a softer diplomatic approach to the territory.Following his preliminary agreement with NATO Secretary General Mark Rutte, Trump withdrew threats to impose sanctions on European countries that had opposed his plans for Greenland. The détente marked a sharp reversal from his earlier confrontational stance toward European allies.Intel plunged over 10% in after-hours trading following disappointing forward guidance, erasing gains from Wednesday's nearly 12% rally. The chipmaker had surged to four-year highs after Nvidia's $5 billion investment and a US government stake, but weak outlook tempered enthusiasm despite optimism around new server chips and foundry expansion.The US Dollar Index fell 0.41% to 98.37, marking its largest one-day decline in a month, despite upward GDP revisions to 4.4% from 4.3% and jobless claims beating expectations at 200K versus 212K forecast. Dovish Fed expectations and concerns over potential political interference in central bank independence weighed on the greenback.Natural gas futures surged over 12% to $5.48 per MMBtu, nearing December 2022 levels, as extreme cold weather forecasts through early February threaten to drive heating demand to near-record levels. The commodity is tracking toward a weekly gain of more than 70%, the largest since 1990.Nifty halted its three-session slide, rebounding 132 points to close at 25,289 after a volatile session that tested key technical levels. The index gapped up 187 points at open and held firm for the first 45 minutes before reversing post-10 AM, plunging 267 points to 25,168, finding support precisely at the 200DEMA (25,164) for a sharp 164 point rebound in the final hour. The Indian rupee broke its losing streak, appreciating 6 paise against the greenback to close at 91.63 yesterday. The currency stabilised as global risk appetite improved following US President Trump’s withdrawal of tariff threats against Europe.Short-term resistance remains entrenched at 25450-25500, while support has shifted higher to 25,150 near the 200DEMA confluence.The Indian markets will be closed on Monday, January 26, 2026, for Republic Day.Indian benchmark indices are poised to open marginally lower today, testing resilience as investors monitor whether key indices can find support at near-term levels.

Opening Bell - Morning CommentaryWall Street Surges on Trump's Dovish Davos TurnWall Street surged on Wednesday, with the S&P 500 posting its largest one-day gain in two months after President Trump announced a framework agreement on Greenland and cancelled planned tariffs for February 1st on European nations.Major indices rallied sharply: the Dow jumped 588 points (1.2%), while the S&P 500 and Nasdaq each rose 1.2%, reversing Tuesday's worst selloff since October. The rebound followed Trump's Davos remarks, ruling out military force against Greenland and scrapping threatened European tariffs.Markets removed the tail risk of U.S.-NATO confrontation. The dollar strengthened while Treasury yields fell, with the 10-year note declining to 4.25%.The European Union's legislative body halted work on the formal approval and implementation of the trade deal it reached last summer with President Donald Trump.Gold retreated from its record high of $4,887 per ounce to around $4,840 as geopolitical tensions eased, though the precious metal remains up 8.59% month over month and 75.18% year over year. Silver dropped 1.6% as risk appetite returned to equities.Netflix plunged in after-hours trading despite beating Q4 revenue and earnings expectations. Investors focused on slowing subscriber growth and weak forward guidance, overlooking the company's 325 million subscriber milestone. Netflix also announced it would pause buybacks to finance its acquisition of Warner Bros. Discovery.The Indian Rupee fell 72 paise to a record low of 91.69 against the US Dollar yesterday—its steepest single-day decline in two months. The currency faces pressure from aggressive foreign capital outflows and delays in a U.S. trade deal, while heightened geopolitical uncertainty continues to accelerate depreciation despite central bank interventions.Nifty declined for a third consecutive session, dropping 75 points to close at 25,157. The index held above its 200-day SMA (25,124), with yesterday's low of 24,919 now serving as support. The 25,470-25,500 band will continue to act as strong resistance.Indian equity markets are poised to open on a positive note, buoyed by robust global sentiment and growing optimism surrounding a potential India-US trade agreement.

Opening Bell - Morning CommentaryWall-Street selloff - Biggest one-day drop in three monthsAll ​the three major Wall Street indexes ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility.U.S. stocks tumbled Tuesday as President Trump threatened tariffs on nations opposing Greenland's acquisition.The Dow dropped 871 points or 1.8%, while the Nasdaq fell 2.4% and the S&P 500 declined 2.1%. All Magnificent Seven tech stocks lost at least 1.1%.The dollar weakened and Treasury yields climbed to August highs.Precious metals reached historic levels as safe-haven demand intensified amid trade tensions.Gold exceeded $4,700 per ounce for the first time, gaining 2.9%, while silver surpassed $95 per ounce. Investors fled risk assets following Trump's escalating tariff rhetoric and renewed European trade conflict concerns, boosting safe haven flows.The U.S. Dollar Index tumbled to 98.44, down nearly 1%, marking its largest decline since Trump's April Liberation Day tariff announcement. The dollar's weakness against major currencies reflected growing investor concerns about prolonged geopolitical uncertainty and potential retaliation from European allies.Back home, the Nifty crashed 353 points (1.38%) to close at 25,232.50, while the BSE Sensex tumbled 1,066 points (1.28%) to 82,180.47, marking their lowest levels since mid-October 2025. This represents the steepest single-day decline in last 9 months, as US President Donald Trump's renewed tariff threats over Greenland rattled global markets and triggered widespread selling pressure.The index decisively breached the crucial swing low at 25,473 during the session and is now placed close to the 200-day EMA (25,160) and SMA (25,113), major technical supports. A break below these 200 day average levels could trigger further selling toward the 24,800-24,900 support zone, while the 25,470-25,500 will interchange its role as resistance on any pullback attempts.

Opening Bell - Morning CommentaryUS Futures Fall on Trump's New Tariff Threat Over GreenlandU.S. President Donald Trump's renewed tariff threats against European allies amid rising tensions over Greenland have revived talk of the 'Sell America' trade that emerged following his sweeping Liberation Day levies last April.The dollar retreated to its lowest level in a week during early trading on Tuesday after White House threats toward the European Union over Greenland's future triggered a broad selloff across U.S. stocks and government bonds.US markets were closed yesterday for Martin Luther King, Jr. Day, a federal holiday honouring the civil rights leader.US Stock futures declined sharply after President Trump threatened 10% tariffs on eight NATO allies, beginning on February 1, escalating to 25% by June 1, over his demands regarding Greenland.Investors are preparing for quarterly results from Netflix, Johnson & Johnson, and Intel this week as corporate guidance takes on heightened importance amid the geopolitical uncertainty.China left its benchmark lending rates unchanged for an eighth consecutive month on Tuesday, matching market expectations. The one-year loan prime rate (LPR) held steady at 3.0%, while the five-year LPR remained at 3.5%.Oil prices stayed volatile as economic growth data from China lifted demand optimism, even as markets tracked President Trump's tariff threats against European nations amid his interest in acquiring Greenland.Iran's crackdown on protests has quelled civil unrest, lowering the risk of attacks that could disrupt supplies from the major Middle Eastern producer. With Iran accounting for a significant share of global output, recent indications of no immediate U.S. military intervention have helped reduce supply risks across the Persian Gulf region.Gold resumed its advance and hit a new record high on Monday as the U.S. dollar weakened against most major peers following President Trump's latest tariff threats against Europe over Greenland.Asian markets traded mixed on Tuesday morning amid tensions between the U.S. and the EU and rising borrowing-cost concerns, as yields on Japan's 40-year government bonds reached 4% for the first time.The Nifty resumed its downtrend yesterday, plunging 108 points to close at 25,585, its lowest level in this ongoing correction. The sharp decline was primarily fuelled by disappointing quarterly results from blue-chip heavyweights. Nifty has now retreated nearly 3% from its all-time high of 26,373. A decisive breach below the 25,473 mark would violate the current consolidation range, potentially accelerating the slide toward the next major support at 25,318. Meanwhile, immediate resistance has now shifted lower to 25,865.Indian markets are positioned to open modestly higher on positive global cues.

Opening Bell - Morning CommentaryVolatility Persists Amid Global Headwinds and Weak Quarterly Results Global investor sentiment sustained multiple blows from policy developments, including US proposals to cap credit card interest rates, new tariffs targeting nations trading with Iran, and an increasingly aggressive stance toward Greenland.These headlines heightened uncertainty around consumer spending and global trade flows, overshadowing pockets of corporate resilience.Back home, Disappointing earnings from major blue-chip companies are expected to weigh on sentiment at the opening bell, with little in the results to inspire investor confidence.This mood extended to the broader market, where weakness was more evident; a majority of Nifty 500 stocks stayed in the red for mid-January.While foreign investors maintained their bearish stance, Domestic Institutional Investors countered with robust buying, providing a crucial support pillar amid the uncertainty.The Indian Rupee extended its decline for a third straight day on Friday, weakening by 57 paise to close at 90.86, its lowest level in a month. Rupee’s underperformance relative to its Asian peers stems from a "perfect storm" of high dollar demand and a retreating tide of foreign capital.Nifty remains in a consolidation zone between 25,473 and 25,900. A decisive breakout on either side will dictate the next directional move.Key monitors ahead include Q3 earnings, US Fed signals, and rupee stability.Indian markets are set to open lower, weighed down by disappointing quarterly results from blue-chip heavyweights.

Opening Bell - Morning CommentaryDow falls as JPMorgan tumbles on earnings missThe Dow retreated from Monday's record close as JPMorgan Chase plunged 4.2% after reporting a 7% decline in fourth-quarter profit, despite beating adjusted earnings estimates. Investment banking fees missed expectations, pressuring the broader financial sector.Visa fell 4.5%, and Mastercard dropped 3.8% amid concerns over President Trump's proposed 10% cap on credit card interest rates. JPMorgan CEO Jamie Dimon warned that the proposal would severely damage both industry profits and consumer welfare.U.S. stocks closed lower Tuesday, with financials leading declines. December inflation data met expectations, leaving Federal Reserve rate cut projections for 2026 unchanged.Trump has also proposed barring defence contractors from paying dividends or engaging in buybacks and blocking institutional investors from purchasing single-family homes.Oil prices jumped 2.8% on escalating Iran tensions, fuelled by nationwide anti-government protests and Trump's public support for demonstrators.A brewing feud between the Federal Reserve and President Donald Trump also remained in focus.The rupee weakened by 4 paise against the dollar amid regional currency pressures, rising crude oil and metal prices, and sustained FII outflows.After a brief pullback session, Nifty resumed its downward trajectory. A late recovery of over 150 points in the final hour capped the downside, falling 57 points to close at 25,732.For bullish reversal confirmation, Nifty needs to cross its 50 DEMA placed near 25,900. On the downside, the recent swing low of 25,473 is likely to offer short-term support.Indian stock exchanges NSE and BSE will remain closed on Thursday, January 15, 2026, for the Maharashtra Municipal Corporation elections.Indian markets are poised to open near yesterday's close and attempt a recovery from lower levels.

Opening Bell - Morning CommentaryS&P & Dow Hit New Records, US Trade Deal Hope Sparks 300-Point Nifty Rally The S&P 500 and Dow registered record closing highs on Monday as technology stocks and Walmart gained, with investors largely dismissing concerns about the Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell.Stocks opened lower on the Powell news. The Justice Department's threat of indictment, ostensibly focused on Powell's congressional testimony regarding a building renovation project, heightened concerns about the Fed's independence.Powell called the move a "pretext" to gain influence over interest rates that President Donald Trump has pressed to cut sharply since taking office in January 2025.Credit card company stocks fell sharply on Monday after President Donald Trump proposed capping credit card interest rates at 10% for one year. Capital One Financial fell 8%, while Citigroup and American Express dropped 4%. JPMorgan Chase, Bank of America, and Wells Fargo each declined approximately 2%.The dollar held its losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell, threatening the central bank's independence and confidence in U.S. assets.Japan's Nikkei average surged to a record high on Tuesday as markets caught up with Wall Street's recent two-day rally following a public holiday in Japan earlier this week.Investors also bought Japanese equities on expectations of increased fiscal spending amid speculation that Japanese Prime Minister Sanae Takaichi may call an early election to bolster her coalition government's parliamentary majority.Gold jumped 2.5% to an all-time high on Monday, while silver futures climbed 7.3% to a record level. The moves followed Federal Reserve Chair Jerome Powell's disclosure that he received Justice Department subpoenas regarding testimony on headquarters renovations, raising concerns about central bank independence.Oil prices edged higher on Tuesday as heightened concerns about Iran and potential supply disruptions outweighed prospects of increased crude supply from Venezuela.TCS and HCL Tech reported mixed quarterly results yesterday, with TCS keeping revenue and margin gains on a steady path while HCL Tech faced profitability pressures despite stronger topline growth.The Nifty 50 broke its five-day losing streak, climbing 106 points to close at 25,790. The reversal came swiftly after 12:00 PM, when optimistic remarks from U.S. Ambassador Sergio Gor sparked a dramatic rally. His confirmation that India and the USA are actively finalising a trade deal triggered a sharp recovery of more than 300 points from the day's lows.A sustained move above 25,800 could extend the rally toward the next resistance levels at the 50-day and 20-day DEMAs, positioned near 25,900 and 26,000, respectively. On the downside, the recent low of 25,473 may provide short-term support.Indian markets are positioned to open modestly higher on positive global cues.

Opening Bell - Morning CommentaryWall Street Hits All-Time Highs as Weak Jobs Data Fuels Rate Cut Optimism, Indian Markets Tumble on Trump Tariff Threat.US stocks advanced in the first full trading week of 2026, with investors largely ignoring geopolitical tensions and pushing major indexes to all-time highs.Rotation from mega-caps to cyclicals broadened market participation, while focus on President Trump's tariff policies and the Fed's rate path supported industrials and small caps.The S&P 500 rose 1.6% last week, the Dow Jones Industrial Average surged 2.3%, and the Nasdaq Composite climbed 1.9%.The weaker-than-expected jobs report fuelled optimism about potential rate cuts, lifting Wall Street broadly.December nonfarm payrolls added 50,000 jobs, below the expected 60,000-70,000 and down from November's revised 56,000. Unemployment fell to 4.4% from 4.5%, signalling a low-hiring, low-firing environment.Housing stocks surged after President Trump announced $200 billion in mortgage bond purchases to lower rates.Indian stock markets suffered their worst weekly loss in over three months, driven by profit-booking and global tariff concerns.President Trump's threat of 500% tariffs on nations purchasing Russian oil rattled emerging markets, triggering risk-off sentiment and a rotation out of cyclicals. With no domestic catalysts, investors booked profits after recent highs. The S&P BSE Sensex dropped 2.55%, and the Nifty 50 fell 2.45% to 25,683, while the Sensex shed over 2,100 points.A decisive break below the 100-day EMA at 25,619 could accelerate selling toward the next major support at 25,318 (November 2025 swing low).Any recovery attempts will likely face stiff resistance in the 25,950- 26,000 zone.Investors now await upcoming IT sector earnings and US inflation data for the next directional triggers.

Opening Bell - Morning CommentaryDow, S&P 500 Give Back Ground, But Nasdaq Moves Modestly HigherUS Markets remain cautiously positioned amid geopolitical developments, upcoming Supreme Court tariff decisions, and the early stages of Q4 earnings season.American stocks fluctuated throughout the trading day on Wednesday before ending the relatively lacklustre session mixed.Energy stocks declined sharply, with Exxon Mobil falling 3% and Chevron dropping 4%, after oil prices retreated following Trump's announcement that Venezuela would provide up to 50 million barrels to the US at market prices.Housing stocks moved sharply lower over the course of the session, dragging the Philadelphia Housing Sector Index down by 2.6 per cent.Semiconductor stocks steadied after explosive gains yesterday, with SanDisk surging nearly 28% after AI-optimised storage breakthroughs.Precious metals faced profit-taking ahead of commodity index rebalancing. ADP's December employment data showed 41,000 jobs added, slightly missing expectations. Economists had expected private-sector employment to increase by 47,000 jobs, compared with the 32,000 job loss originally reported for the previous month.Asian equity markets showed mixed performance, with moderate declines in major indices amid cautious sentiment. Japan's Nikkei 225 fell 1%.Nifty extended its losing streak to a third straight session yesterday, slipping 37 points to settle at 26,140, but managing to close off the day’s low. Despite the short-term softness, the broader positional trend remains bullish, supported by a pattern of higher tops and higher bottoms on the daily charts. On the upside, the recent swing high at 26,373 is likely to act as an immediate resistance level, while 26,000 is expected to provide strong near-term support.Indian markets are poised to open modestly lower on the back of weak Asian cues.