IGI Logo

Global equities remain constructive but are consolidating rather than trending. Developed-market benchmarks—the S&P 500, NASDAQ, and DAX—are compressing within narrow ranges after strong advances, while the FTSE 100 has delivered a mild breakout from an 18-week symmetrical triangle. In Asia, leadership is divergent: the Nikkei and TAIEX maintain strong uptrends, whereas the Hang Seng has turned bearish and the KOSPI is undergoing a sharp intermediate correction. In India, the Nifty 50 remains range-bound and indecisive within its two-year 22,200–26,200 band, though midcap strength near all-time highs keeps the buy-on-dips framework intact

The commodity complex is in a broad intermediate correction: gold (-23%) and silver (-43%) have sustained meaningful technical damage, Bitcoin has retraced roughly 53%, and both the S&P GSCI and Bloomberg Commodity Index are correcting from resistance. Crude oil, by contrast, is testing a historically strong 66–62 support band where the correction may terminate, while copper's broader uptrend remains intact above 5.80. Sovereign yields are easing from range highs in the US and softening in India, while Japanese yields continue to break higher. The dollar index is basing above 100 with an upward bias—a headwind that reinforces the corrective tone across metals, emerging markets and digital assets. Key levels for each instrument are summarized below.

For More  Emkay Global Financial Services Ltd Disclaimer http://www.emkayglobal.com/Uploads/disclaimer.pdf & SEBI Registration number is INH000000354