Overview
- The US Federal Reserve reduced rates by 25 basis points to 3.50%–3.75%, improving global risk tone and setting up a positive open for Indian equities.
- After a choppy start, the market slipped into losses before recovering, with the Nifty trading around 25,850–25,887 and the Sensex up roughly 300–450 points by early afternoon.
- Short‑term charts show resistance near 25,850–25,900 and support around 25,600–25,700, with some technical views warning of a pullback toward 25,317 unless the resistance band is reclaimed.
- Provisional flows from the prior session showed FPIs as net sellers of about ₹1,651 crore while DIIs bought roughly ₹3,752 crore, underscoring the tug‑of‑war in liquidity.
- Brokerage outlooks remain constructive into 2026, with Nifty targets near 29,000 from Kotak Securities and Emkay conditioned on an earnings recovery, easier domestic liquidity and improving flows, as optimism over India–US trade talks also supports sentiment.