Wall Street ended mixed overnight: the Dow inched higher, while the S&P 500 and Nasdaq slipped as investors reacted to a sharp tech selloff led by Microsoft’s post‑earnings plunge and heavy AI spending plans.

Meta and IBM were among the bright spots, rallying on strong results and upbeat guidance, partially offsetting pressure from software and broader tech weakness.

Fed policy remained steady, with rates unchanged and traders focused more on earnings than on macro or inflation data in this session.

Indian ADRs showed a split screen: Infosys fell about 1 percent in line with global tech weakness, while HDFC Bank and ICICI Bank gained modestly and Reliance closed flat, signaling relative strength in financials versus IT.

Across Asia, the Nikkei and Shanghai indices traded higher on previous‑session closes, supported by chip and metal names, while the Hang Seng slipped as Hong Kong financials and tech lagged.

Gift Nifty futures hovered near twenty‑five thousand four hundred sixty, down around a fifth of a percent, pointing to a cautious, slightly negative start for Indian benchmarks ahead of the Budget.

RBI has moved to inject over two lakh crore rupees of liquidity through a mix of variable rate repo, FX swap, and bond purchases, creating a supportive backdrop for banks and rate‑sensitive sectors.

Foreign investors have continued net selling in January, but strong domestic institutional buying has cushioned indices and helped Nifty defend key support zones.

On the technical side, Nifty fifty is seen with immediate support around twenty‑five thousand two hundred fifty to twenty‑five thousand three hundred and resistance in the twenty‑five thousand five hundred to twenty‑five thousand six hundred band, while Bank Nifty eyes sixty thousand as a key ceiling.

Commodities are consolidating after big moves: gold and silver have cooled from recent peaks but remain elevated on geopolitical tensions, crude oil trades near the mid‑sixties per barrel, and natural gas is slightly softer on moderating demand.

Overall theme for the day: global tech tremors, an RBI liquidity backstop, and a mildly weak cue from Gift Nifty suggest traders should stay selective, lean on quality financials, respect nearby resistance levels, and be prepared for volatility around geopolitics and Budget‑related expectations.