Day’s market performance summary​

• Sensex slipped marginally, while Nifty fifty and BankNifty ended nearly flat after a choppy, rangebound session.

• Overall mood was cautious, with traders booking profits in heavyweights ahead of key US GDP and PCE inflation data.

• Broader undertone stayed constructive as indices held above important support zones, keeping the medium-term uptrend intact.

• Rupee hovered near the eighty-nine and a half per dollar mark, with no major fresh shock, so currency moves had limited equity impact today.

Top gainers & losers​

• Coal India, Shriram Finance and select metal names led the upside, helped by continued strength in commodities and improving earnings visibility.

• Small and midcap counters like railway and infra-linked stocks saw strong buying interest, reflecting ongoing appetite for domestic growth stories.

• IT heavyweights such as Infosys and Tech Mahindra, along with a few private banks, slipped on profit-taking after recent gains.

• A midcap IT services name corrected sharply on fundraising-related news flow, highlighting stock-specific event risk in the segment.

Support & resistance recap​

• Nifty fifty respected key support around the twenty-six thousand zone, keeping the breakout structure intact.

• Upside hurdles remained in the twenty-six thousand two hundred plus band, which capped intraday rallies.

• BankNifty held above nearby support but struggled to convincingly clear resistance just below the sixty thousand mark.

Sector performance & leadership​

• Metals outperformed again, extending their multi-day rally on firm global prices and strong demand expectations.

• IT was the clear laggard as traders locked in profits and turned selective ahead of the upcoming earnings season.

• Banks and financials showed mixed action, with resilience in some leaders offset by selling in others.

Regulatory, policy & macro updates

• Recent RBI policy stance, with a supportive liquidity framework and growth-friendly signals, continued to underpin risk appetite.

• Earlier SEBI tightening of derivatives risk controls and position limits kept expiry-linked strategies more disciplined.

• Markets stayed alert to incoming global macro data that could shift expectations on foreign flows and rate trajectories.

Commodity market summary

• Gold and silver in the domestic market held near record or multi-year highs, supported by safe-haven demand and a softer dollar backdrop.

• MCX gold and silver prices in rupees remained elevated, reinforcing wealth-protection trades for investors.

• Crude oil stayed in a moderate range, with geopolitical risk premium partly offset by demand concerns.

Geopolitics & market impact

• Ongoing tensions in key shipping and energy routes kept a floor under crude prices and added a layer of caution for global risk assets.

• Markets also tracked US data and Fed expectations, as any surprise on growth or inflation could sway global equity sentiment.

Technical outlook & forward view​

• As long as Nifty fifty holds above the twenty-six thousand support band, dips are likely to be bought with eyes on prior highs.

• BankNifty needs a sustained move above nearby resistance to unlock a further leg higher toward the psychological sixty thousand zone.

• Traders are watching for a possible breakout if global cues remain supportive, but also bracing for higher volatility around data releases.

Actionable takeaway​

• Focus remains on metals and select infrastructure names where trend strength and institutional interest are visible.

• Use intraday dips toward support levels in fundamentally strong leaders for staggered entries, while keeping tight stops.

• Stay cautious in IT and event-heavy midcaps, where profit-taking and news flow can trigger sharp, short-term swings.