Wall Street Overnight Recap: S&P five hundred climbed point four percent to sixty-seven ninety-six, Dow Jones added point five percent to forty-seven thousand three hundred eleven, and Nasdaq rose point six percent to twenty-three thousand four hundred ninety-nine, driven by strong October private payroll data showing forty-two thousand new jobs. Tech stocks rebounded with Advanced Micro Devices jumping over two percent on earnings beats, while McDonald's surged on Snack Wrap sales success and Axon Enterprise stumbled on weak profit guidance. Supreme Court justices expressed significant skepticism over Trump's tariff authority, potentially reshaping trade policy outlook.
Indian ADR Performance: Infosys traded at sixteen dollars thirty-one cents, up point one two percent; HDFC Bank at thirty-six dollars twenty-eight cents, up point eleven percent; ICICI Bank essentially flat at thirty dollars forty-one cents; and Wipro at two dollars fifty-nine cents, up point five eight percent—all showing muted moves reflecting cautious overseas investor sentiment on Indian blue-chips.
Asian Markets & Gift Nifty: Nikkei two hundred twenty-five surged one point four five percent, Kospi jumped two point five percent, and ASX two hundred rose point five eight percent, showing regional strength. Gift Nifty trading at twenty-five thousand seven hundred fifty-four (up sixty-six points) suggests marginally positive to flat opening for Nifty fifty, with key support at twenty-five thousand six hundred.
Key Global News & Geopolitics: Supreme Court skepticism over Trump tariffs could unwind trade policy uncertainty; fresh US sanctions on Russian oil producers have slashed seaborne exports to January lows, providing support to crude prices despite global oversupply concerns.
Indian Market Headlines & Pre-Open Cues: FII outflows of one thousand one hundred sixty crore rupees offset by domestic institutional inflows of one thousand forty-two crore; RBI intervention strengthened rupee by twenty-two paise to its strongest since October sixteenth. Key events today include LIC and Ola Electric Q two earnings, Lenskart Solutions listing, and Groww IPO subscription continuing.
Technical Levels – Trading Setups: Nifty fifty support at twenty-five thousand six hundred to twenty-five thousand four hundred, resistance at twenty-five thousand eight hundred; Bank Nifty support at fifty-seven thousand three hundred to fifty-seven thousand four hundred fifty, resistance at fifty-eight thousand two hundred fifty to fifty-eight thousand three hundred fifty.
Commodity Market Summary: Crude oil holding at sixty to sixty point five dollars per barrel; Brent crude at sixty-four and a half dollars; gold up to twelve thousand forty-eight rupees per ten grams (up seventy points); silver steady at forty-seven to forty-eight dollars per troy ounce; copper stable around one thousand rupees per kilogram in India.
Actionable Idea or Day Plan: Expect range-bound to marginally positive opening; quality banking and IT names offer buy-on-dip opportunities on consolidation; traders should exercise caution on moves above twenty-five thousand eight hundred without strong volume support as market remains in consolidation post-correction.