Wall Street rebounded Wednesday after four days of losses, with the Dow Jones up forty-seven points, S&P Five Hundred gaining twenty-five points, and Nasdaq rising one hundred thirty-one points; strength in technology, especially Nvidia's after-hours earnings surge, drove the rally.
Nvidia posted earnings well above expectations, reporting fifty-seven billion dollars revenue and a sixty-five percent jump in profit, leading to a strong boost in global futures markets.
Indian ADRs were mixed overnight: Infosys surged over two percent due to the launch of a major share buyback, but HDFC Bank and ICICI Bank slipped, and Reliance Industries edged down slightly; tech stocks look optimistic, while banking ADRs saw some profit-taking.
Asian markets rallied Thursday morning on Nvidia’s results, with Japan’s Nikkei up over three percent, and Hang Seng and Shanghai rising around half a percent; Gift Nifty is indicating a likely positive open, suggesting Nifty may challenge the twenty-six thousand one hundred resistance.
The India-US trade deal is close to finalizing its first phase, aiming to resolve high tariffs imposed by the Trump administration; the deal could be announced before month-end and is expected to boost bilateral trade and create positive market sentiment.
Crude oil prices remain weak, with Brent near sixty-five dollars and US WTI around sixty dollars, both pressured by global supply and new US sanctions on Russian oil companies.
On Wednesday, foreign and domestic institutional investors both bought Indian equities, supporting a strong rally led by IT and banking stocks like Wipro, Infosys, and TCS; Fujiyama Power Systems listed today following a well-received IPO.
Nifty Fifty’s immediate resistance levels are at twenty-six thousand seventy-four and higher zones, with critical support at twenty-five thousand seven hundred ninety-seven; as long as Nifty holds above support, a buy-on-dips approach remains favorable.
Bank Nifty hit a new all-time high at fifty-nine thousand two hundred sixty-four and remains in a strong momentum zone, with immediate resistance near fifty-nine thousand four hundred forty and strong support at fifty-nine thousand.
Commodity updates show continued volatility: gold is modestly up at around four thousand seventy-three dollars per ounce, and silver rose over two percent to fifty-two dollars, while the energy and precious metal markets reflect ongoing global economic uncertainty.
For today’s trade, momentum and optimism dominate, but with key indices at resistance levels, traders are advised to watch for clear breakouts or pullbacks and maintain disciplined stop losses; the strategy is to buy on dips near support rather than chase at highs.