Global Equities’ Update: Gift Nifty: (India) 25582, -143.0 points/ -0.56% (Adjusted)

AHMEDABAD, 6 FEBRUARY: Asian markets opened and trading in the red zone as the weak cues prevail across the asset class including Equities, Bullion and Metals. U.S. stock index futures extending declines from Wall Street as a rout in technology stocks showed few signs of easing, with Amazon tumbling after projecting a massive capital spending figure for 2026. Amazon Inc was among the worst performers in aftermarket trade, sliding 11% after its December quarter earnings.

Indian equities expected to open with muted note amid the global sell off, however focus would be on the outcome of RBI’s credit policy.

Sectors to Watch: Consumer, Insurance and selective Financials stocks are expected to remain on focus while selective Metals and Tech stocks likely to remain resistive during the day.

Technical Levels: Nifty Near Future

Technical Levels: Bank Nifty Near Future

U.S. Market Previous Closing

COMMODITIES: Comex Gold prices have gained by 1% to 4820, whereas Silver prices are up 2% at 72.22$/oz after plunging to hit a low of 64.10$/oz

Riskier asset classes saw deep losses on fears that new AI models may start to eat into the profits of software firms. On the economic front, layoffs announced by U.S. employers surged in January to the highest level for the month in 17 years, a survey showed. Meanwhile,US President Trump’s post on social media that Iran is negotiating also put pressure on commodities. Weekly jobless claims rose to 231K vs 212K whereas, Jolts jobs opening slipped to 6.54M vs estimate of 7.25M indicating that labour market conditions in the US may have deteriorated further. Finally central banks in the UK and Europe kept their interest rates unchanged.

In terms of market action, Comex Gold prices have gained by 1% to 4820, whereas Silver prices are up 2% at 72.22$/oz after plunging to hit a low of 64.10$/oz. Comments from US President on the progress of US Iran talks will be crucial for commodity counters along with US non-farm payrolls and unemployment data.

Economic data & events:

Currencies offshore

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)