• Wall Street closed Friday in the red, with the Dow, S&P five hundred and Nasdaq all slipping as investors reacted to President Trump nominating Kevin Warsh as the next Fed Chair and repriced interest-rate expectations.

• The standout global story was a historic crash in precious metals, with gold and especially silver suffering one of their worst single-day declines in decades as the US Dollar surged and leveraged positions unwound.

• US sector and stock performance was mixed, with mega-cap tech like Apple holding up relatively better, while high-beta and rate-sensitive pockets bore the brunt of risk-off sentiment.

• Indian ADRs for Infosys, HDFC Bank, ICICI Bank and Reliance all ended lower overnight, signaling continued foreign risk aversion and reflecting concerns over rupee weakness and derivatives-tax changes back home.

• Across Asia, indices showed a split screen: Japan’s Nikkei held firm in positive territory, while the Hang Seng and Shanghai Composite slipped on dollar strength, commodities volatility and renewed worries around global growth.

• Gift Nifty turned higher and now trades around twenty-four thousand eight hundred eighty-eight, up roughly one hundred points, hinting at a steadier and slightly positive start for the Nifty after Sunday’s sharp post-Budget sell-off.

• Globally, markets are watching the Warsh-led Fed outlook, the stronger dollar, and evolving US–India trade and energy ties, including Trump’s push for India to source more oil from alternative suppliers like Venezuela.

• At home, the Union Budget’s surprise hike in Securities Transaction Tax on F&O trades sparked a nearly two percent crash in Nifty and a spike in India VIX, as traders reassessed the higher cost of leverage and hedging.

• RBI is expected to keep the repo rate unchanged, with fiscal consolidation and capex push from the Budget providing a long-term positive backdrop even as near-term volatility remains elevated.

• Technically, Nifty now faces strong resistance in the twenty-five thousand to twenty-five thousand one hundred zone, while immediate support lies around twenty-four thousand seven hundred, making today’s price action crucial for short-term trend confirmation.

• Bank Nifty is holding relatively better, with key supports in the upper fifty-eight thousand range and upside confirmation only if it can reclaim levels closer to fifty-nine thousand five hundred.

• Crude oil has corrected meaningfully, which is a tailwind for India’s import bill, but the same stronger dollar that hit gold and silver also poses headwinds for the rupee and imported inflation.

• The episode emphasizes risk management for traders: volatility post-Budget and around global macro shifts calls for controlled position sizing, disciplined stop-losses and a focus on high-liquidity large caps.

• The show wraps with a reminder that today’s opening tone is cautiously optimistic rather than outright fearful, thanks to the rebound in Gift Nifty, and invites listeners to tune in to the evening wrap and send in their questions for deeper market discussions.

• Special Sunday trading session on February first, twenty twenty six, as India’s Union Budget twenty twenty six keeps markets open for a rare weekend event.

• Benchmark indices see their worst budget day in years, with Sensex, Nifty fifty and Bank Nifty closing sharply lower after a volatile rollercoaster session.

• Sentiment turns bearish as the Finance Minister announces steep hikes in Securities Transaction Tax on futures and options, immediately raising the cost of trading derivatives.

• STT on futures is increased from 0.02% to 0.05%, while STT on options premium rises from zero point one percent to zero point fifteen percent, triggering a derating of FnO heavy strategies.

• Broader market breadth weakens, with decliners far outnumbering gainers, highlighting widespread risk off behavior across large caps, mid caps and small caps.

• Rupee softens against the US dollar and hovers near previous weak levels, adding to concerns around foreign flows and macro stability on a high volatility budget day.

• Among large caps, select IT names like Wipro and TCS hold up relatively well, supported by global revenue visibility and a softer rupee backdrop.

• Electronics manufacturing and semiconductor linked stocks such as Syrma SGS, Dixon Technologies, Kaynes Technology and Amber Enterprises rally smartly on a sizeable forty thousand crore rupee outlay for electronics component manufacturing.

• Big losers emerge in capital market and brokerage stocks including BSE and Angel One, which fall in double digits as markets price in a structural hit to derivative volumes from the STT hike.

• Cyclical names in metals, PSU banks and select energy stocks face heavy selling amid worries about growth, rates and risk appetite post budget.

• Nifty50 tests key support zones around the twenty five thousand band during intraday panic and attempts a late recovery; resistance remains overhead near the mid twenty five thousand range.

• Bank Nifty slides toward critical support in the high fifty seven thousand to fifty eight thousand range, with sixty thousand marked as a major resistance ceiling for any relief rally.

• Sectorally, IT and export oriented pockets show relative resilience, while capital markets, some PSU banks and rate sensitive plays underperform sharply.

• Budget 2026 reinforces a capex and manufacturing heavy narrative, with large allocations for electronics, infrastructure, defense, renewable energy, carbon capture and nuclear power.

• Policy measures include funding for carbon capture and utilization, support for solar and EV ecosystems, push for critical minerals and rare earth corridors, and continued focus on strategic manufacturing.

• Commodity markets remain highly active, with gold and silver on MCX seeing sharp intraday declines after a strong prior run, prompting profit booking in precious metals.

• Crude oil stays supported by ongoing geopolitical risks even as global growth worries cap upside, keeping energy markets a key macro variable for Indian equities.

• Geopolitical tensions, especially in West Asia, continue to influence crude prices and risk sentiment, feeding into India’s inflation and current account narratives.

• Technical outlook for the next session highlights crucial support levels on Nifty fifty and Bank Nifty; holding these could spark a short covering bounce, while a breakdown may extend the corrective phase.

• The show emphasizes that despite near term pain from the STT hike and derivative repricing, long term themes like manufacturing, defense, infrastructure and energy transition remain structurally attractive.

• Traders are urged to reassess position sizing and strategy in light of higher transaction costs in FnO, while investors are encouraged to focus on sectors directly benefiting from budget allocations.

• Listeners are invited to send in questions on today’s budget moves, STT impact, sector outlook and technical levels, and to tune in for the next morning’s update on how markets digest this landmark budget day.

• Indian markets closed lower amid pre-Budget caution, with Nifty fifty, Sensex, and BankNifty all ending in the red and overall sentiment staying muted.

• Traders stayed on the sidelines ahead of the Union Budget, leading to profit booking in recent outperformers and selective buying in defensives and quality large caps.

• The Indian rupee hit a fresh intraday record low near ninety two against the US dollar before recovering slightly, raising concerns about imported inflation and FII outflows.

• Consumer and defensive names outperformed, with stocks like Nestle India, Tata Consumer, Apollo Hospitals, ITC, Vodafone Idea, and Blue Star among the key gainers.

• Metals, select banks, and a few mid and small caps saw sharp selling, with steep declines in names like Tata Steel, South Indian Bank, Max Healthcare, Hindustan Copper, and some PSU-linked counters.

• Nifty fifty hovered in a range with important support zones highlighted around the twenty five thousand to twenty five thousand one hundred fifty region and resistance near twenty five thousand four hundred to twenty five thousand six hundred.

• BankNifty faced selling pressure but held key supports around the high fifty nine thousand levels, with resistance seen close to the sixty thousand to sixty thousand two hundred band.

• Sector-wise, IT and banking underperformed, while pharma and FMCG showed relative strength as investors gravitated toward defensives ahead of key policy announcements.

• Recent regulatory and macro signals, including governance-focused measures and growth projections in the Economic Survey, kept focus on market transparency, long-term GDP outlook, and fiscal discipline.

• In commodities, domestic gold and silver prices eased from recent highs, while crude oil stayed firm on geopolitical tensions and supply concerns, adding to the macro headwinds for India.

• Global geopolitical tensions and risk-off sentiment, including worries around Middle East developments and trade-related uncertainty, influenced risk appetite and supported the stronger dollar.

• The technical outlook suggests a consolidation phase for both Nifty fifty and BankNifty ahead of the Budget, with elevated volatility expected around key support and resistance levels.

• The podcast highlights a tactical approach for traders: use dips toward strong supports to accumulate quality names, stay cautious in weaker sectors like IT, and watch for Budget-driven catalysts in financials and cyclicals.

• Listeners are encouraged to stay disciplined amid volatility, track upcoming policy announcements closely, and tune in regularly for fresh technical levels and actionable trading insights.

• • 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.

• 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.

• Market Performance: Nifty50 closed at twenty-five thousand three hundred forty-two (up 0.66%), Sensex at eighty-two thousand three hundred forty-four (up 0.6%), BankNifty at fifty-nine thousand five hundred ninety-eight. Bullish sentiment prevailed amid broad-based gains, supported by weakening USD and FII flows.

• Currency Update: Rupee strengthened to 91.7-91.9/USD range, benefiting from dollar's 4-year low after Trump's comments, boosting export sectors and inflows.

• Top Gainers: ONGC (+7.45%) led on crude rally; Coal India (+3.76%), Hindalco (+4.45%), BEL (+4.45%) on strong Q3 earnings (profit up 20% YoY to ₹1,579cr).

• Top Losers: Asian Paints (-5.65%) after weak Q3 (profit down 4.6%); Tata Consumer (-4.24%), Eicher Motors, Maruti, L&T faced profit-taking despite revenue growth.

• Technical Recap: Nifty tested support at 25,200 (held), resistance at 25,400; BankNifty broke above 59,500, eyeing 60,000.

• Sector Highlights: Energy led gains (crude strength); FMCG lagged (earnings misses); Metals strong on commodity prices.

• Regulatory News: RBI-ESMA MoU on clearing agencies; SEBI F&O rules (lot sizes, position limits) influencing trading strategies.

• Commodities: MCX Gold hit record ₹1,62,429/10g (+3%); Silver near ₹3,83,000/kg; Crude at ₹5,633/bbl. Driven by weak dollar & geopolitics.

• Geopolitics: Trump's Greenland/NATO remarks fueled dollar weakness, aiding safe-haven metals & EM currencies like rupee.

• Tomorrow's Outlook: Nifty rangebound unless above 25,450 (target 25,600); BankNifty bullish above 59,300. Key risks: FII selling.

• Actionable Tip: Rotate to defensives (gold, pharma, dividend stocks); buy Nifty dips to 25,200 for medium-term upside.

Tune in for tomorrow's update!

• Wall Street closed mixed overnight, with the S&P 500 hitting a fresh record high and the Nasdaq extending gains on strong tech and AI-driven earnings optimism, even as the Dow fell sharply on healthcare weakness.

• UnitedHealth and other health insurers dragged the Dow lower after disappointing guidance and concerns around Medicare payment rates, while names like General Motors, UPS and major chipmakers outperformed on upbeat earnings and guidance.

• Indian ADRs were mixed: Infosys and Reliance slipped, whereas HDFC Bank and especially ICICI Bank gained, signalling relative strength in private financials and offering early cues for Indian banking and IT stocks.

• Asian markets closed mostly higher, with the Nikkei, Hang Seng and Shanghai Composite posting modest gains as investors tracked Wall Street’s record highs and looked through some geopolitical noise.

• Gift Nifty futures traded comfortably above the previous Nifty close, hinting at a positive start for Dalal Street and reflecting optimism ahead of key domestic and global events.

• Globally, sentiment is being shaped by President Trump’s decision to raise tariffs on South Korean imports to 25 percent, adding a new layer of trade uncertainty that could impact autos, pharma and related supply chains across Asia.

• The US Federal Reserve is set to announce its first policy decision of the year, with markets widely expecting rates to stay on hold but watching closely for any change in tone that might affect global liquidity and risk appetite.

• On the home front, Indian markets are gearing up for the Union Budget 2026, with expectations centred on continued capex push, possible tax relief for the middle class, and stronger support for manufacturing, defence and new-age sectors.

• Despite persistent foreign portfolio outflows in January, steady domestic SIP inflows and institutional buying continue to provide a strong floor for Indian equities, helping the Nifty defend key support zones.

• Technically, Nifty is holding above the crucial twenty five thousand mark with resistance seen near twenty five thousand four hundred, making this zone the key breakout level to watch for trend confirmation.

• Commodity markets remain influential: gold and silver are elevated on safe-haven demand and strong industrial interest, while crude oil is relatively stable, keeping imported inflation risks in check but still a key monitor for India’s macros.

• The episode emphasises a cautious-but-constructive trading stance: participate selectively in strength, respect key support and resistance levels, and stay nimble around event risks like the Fed decision and the upcoming Union Budget.

• Sensex up 319 pts (0.39%) at 81,857; Nifty50 gains 127 pts (0.51%) to 25,175; BankNifty surges 1.25% (732 pts) to 59,205 – Markets recovered from choppy session with late buying, closing near day's highs amid improved sentiment.

• Rupee steady at 91.7-91.83/USD – No major swings; stable currency supported exporters ahead of global trade shifts.

• Top Gainers: Adani Enterprises (+5.11%), Axis Bank (+4.58% post strong Q3), JSW Steel (+3.25%), Adani Ports (+4.5%), Grasim (+3.12%) – Metals led on trade deal optimism.

• Top Losers: M&M (-4.23%), Kotak Bank (-2.63% post weak Q3), Asian Paints (-2.8% on profit decline) – Autos & select banks dragged.

• Support/Resistance: Nifty held 25,000 support; resistance 25,200-25,300. BankNifty stabilized at 58,121 support; eyes 58,675 resistance.

• Sectors: Metals +3.07% (top), PSU Banks/IT/O&G up. Autos -0.93% (worst), FMCG/Media down.

• Big Catalyst – India-EU FTA Finalized: Landmark deal eliminates 97% tariffs, boosts textiles/gems/chemicals/metals/pharma exports. Drove metal rally; formal signing in 5-6 months.

• Commodities: MCX Gold hits record ₹16,195/g (24K); Silver ₹370/g – Both new highs on global safe-haven demand (gold >$5,100/oz). Crude ~$60.63/bbl subdued.

• F&O Updates: NSE cuts Nifty lot size to 65, BankNifty to 30 effective today. SEBI tightens retail protections.

• Geopolitics: Tensions fuel gold; Asian mkts mixed (Kospi +2.7%, Nikkei +0.6%).

• Tomorrow's Outlook: Nifty support 25,000/24,919; resistance 25,200-25,300. BankNifty 58,121 support. Watch Fed meet, EU deal follow-up, earnings.

• Actionable: Buy metal/chemical dips on EU deal re-rating; stay selective amid consolidation. Tune in tomorrow for Fed impact!