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Asia

Asian markets might aim to recover from Tuesday's widespread losses but will encounter challenges due taking cues from lackluster performance on Wall Street, rising U.S. bond yields, and ongoing concerns about escalating global trade tensions. Gift Nifty suggests a positive opening for Indian markets.

US & Europe

US markets closed mixed on Tuesday, with gains in Coca-Cola and Apple balancing out losses in Tesla, as investors analyzed Fed Chair Jerome Powell's latest remarks. European markets continued their positive trend yesterrday as investors absorbed the latest round of tariffs announced by U.S. President Donald Trump.

Commodities

Oil prices climbed to a two-week high on Tuesday due to sanctions heightening concerns about Russian and Iranian oil supplies, along with escalating tensions in the Middle East outweighing worries that trade tariffs might increase inflation and hinder global economic growth. Gold prices dipped on Tuesday as investors took profits after reaching a record high, but remained optimistic amid fears of a global trade war triggered by U.S. President Donald Trump's new tariffs.

* Events today: US API/ EIA crude oil stock change, India IIP/ CPI, US inflation, OPEC monthly report.

* Earnings today: Siemens, Honasa Consumer, Ashok Leyland, Bharat Forge, PFC, Godrej Industries, Jubilant FoodWorks.

* Exchange debut: Amwill Healthcare, Ken Ent

* Ex-date: Hero MotoCorp, ITC, Cochin Shipyard, Minda Corporation, Torntpower, Uno Minda. (Dividend)

* Cyient DLM has signed a production contract with Boeing Global Services (BGS) for precision-machined parts and assemblies.

* Jupitor Wagons has received a LOA from Ambuja Cements and ACC for the manufacture and supply of “BCFCM Rakes Wagon with BVCM Wagon.”.

*  Kesar Industries has acquired a 51% stake in Kesar IM Infra Projects.

Nifty Outlook

Upswings got challenged much earlier than expected, but the downsides thereof stopped shortly after testing our downside objective of 23060. This encourages us to look for recovery attempt today. Like yesterday we will carefully gauge the upside prospects on the go, but as is, the objectives may be placed at 23320, with 23200 appearing as a critical challenge. Alternatively, inability to float above 23138 or a direct fall past 22960, could trigger stronger falls, starting with 22800, but favoured view see low prospects of such a collapse, for now.

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