Fed keeps rates unchanged in the three point five to three point seventy-five percent range, leaving Wall Street largely flat with the Dow slightly up, S&P five hundred flat, and Nasdaq modestly higher as investors digest Powell’s cautious tone and upcoming big tech earnings.

Tech and semiconductor names see mixed moves, with mega-cap AI stocks showing early strength but fading later, while broader US sectors trade in a tight range after the Fed decision.

Indian ADRs trade mixed overnight: Infosys, HDFC Bank, and ICICI Bank ADRs slip, while Reliance GDR edges higher, signalling cautious global sentiment on Indian IT and financials but some support for energy-linked names.

Key Asian indices show a divergent setup: the Nikkei trades lower, the Shanghai Composite inches higher, and the Hang Seng consolidates near recent highs after a strong multi-session rally driven by mainland inflows and strength in property, energy, and financial stocks.

Gift Nifty hovers slightly in the red around twenty-five thousand three hundred eighty levels, hinting at a mildly soft but not panicky start for Indian equities, with support zones just below current levels in focus.

Global macro mood is shaped by the Fed pause, a weaker dollar, and surging safe-haven demand, with spot gold breaking above five thousand four hundred dollars per ounce and silver extending a powerful year-to-date rally.

RBI steps in with a one lakh crore rupee Open Market Operation purchase program, advancing bond-buying auctions to January twenty-ninth and February fifth to ease tight system liquidity and anchor bond yields.

For India, RBI liquidity support, structural reforms like higher FDI in insurance, and resilient domestic flows provide a constructive backdrop even as global cues remain mixed and volatility around global tech remains elevated.

Technical setup shows Nifty fifty holding key support zones just below twenty-five thousand one hundred with resistance near twenty-five thousand two hundred plus, while Bank Nifty trades between strong support around the upper fifty-eight thousand band and resistance just above fifty-nine thousand.

Crude oil stays firm in the low to mid sixty dollar per barrel zone amid geopolitics and supply worries, while the powerful rally in gold and silver, along with firmer natural gas, keeps commodity-sensitive sectors and inflation expectations in the spotlight for Indian traders.

Overall theme for the day: treat any early dip as an opportunity in quality banking, financial, and energy names, avoid chasing high-beta rallies, focus on clearly defined risk-reward setups, and stay nimble as global central bank signals and commodity moves continue to drive near-term sentiment.