The Indian stock market heads into Thursday with a mixed global backdrop and a heavy domestic calendar. Overnight cues were not one-sided. Some signals offered comfort, others asked for caution. By the time traders sat down this morning, the mood was measured, not rushed.
The focus remains firmly on the Indian stock market, with global trends, policy signals, earnings, and macro data all feeding into sentiment.
Market Performance: How Indian Indices Closed Last Session?
Before looking ahead, it helps to pause and see where the Indian stock market stood at the last close.
On Wednesday, equities ended the day on a positive note. Buying was visible across sectors, and the broader tone stayed constructive through the session.
- Sensex rose 487.20 points, up 0.60%, to close at 82,344.68
- Nifty 50 gained 167.35 points, up 0.66%, ending at 25,342.75
Markets found support in optimism around global trade discussions and steady global cues. The close reflected confidence, but not euphoria.
Main News: What’s Shaping the Indian Stock Market Today
As Thursday unfolds, several developments—both domestic and global—are setting the tone for the Indian stock market.
Economic Survey Takes Centre Stage
Later today, the Economic Survey 2025–2026 will be tabled in Parliament. This document comes just days ahead of the Union Budget 2026, scheduled for February 1.
While no numbers are priced in yet, the timing alone makes the session sensitive. Traders often stay cautious ahead of such releases, preferring to react after clarity emerges.
Gift Nifty Signals a Soft Start
Early cues from Gift Nifty suggest a cautious opening.
- Gift Nifty level: around 25,364
- Discount to previous Nifty futures close: nearly 86 points
This gap points toward a potentially lower start for Indian indices, reflecting mixed global sentiment rather than any domestic shock.
Asian Markets: Mixed Signals Across the Region
Asian markets did not move in one direction, reflecting uncertainty after the US Federal Reserve decision.
- Japan Nikkei 225: up 0.18%
- Topix: down 0.57%
- South Korea Kospi: up 1.09%
- Kosdaq: surged 2.69%
- Hang Seng futures: indicated a lower opening
For the Indian stock market, these mixed signals often translate into a cautious open, followed by stock-specific moves.
Wall Street Recap: Fed Decision Keeps Markets Steady
US markets closed mostly higher overnight after the Federal Reserve kept interest rates unchanged.
- Dow Jones: up 12.19 points, or 0.02%, at 49,015.60
- S&P 500: slipped 0.57 points, or 0.01%, to 6,978.03
- Nasdaq Composite: gained 40.35 points, or 0.17%, to 23,857.45
The S&P 500 briefly crossed the 7,000-point milestone during the session, highlighting resilience despite cautious policy messaging.
Stock Moves in the US
Several large-cap names saw sharp action:
- Nvidia: up 1.6%
- Micron Technology: up 6.1%
- Intel: surged 11.04%
- Apple: down 0.71%
- Texas Instruments: up 9.9%
- Tesla: down 0.10%
Such moves often feed into sentiment for technology and growth-linked stocks globally.
US Fed Policy: Rates Stay Where They Are
The Federal Open Market Committee kept interest rates unchanged.
- Federal funds rate range: 3.5% to 3.75%
The policy stance offered little guidance on when borrowing costs could ease. For the Indian stock market, this maintains a steady external backdrop rather than creating fresh pressure.
India’s IIP Data: Growth Picks Up Pace
Domestic macro data offered a positive note.
- Industrial Production growth (Dec 2025): 7.8%
- Industrial Production growth (Dec 2024): 3.7%
This marks the fastest growth in over two years. Stronger factory output often supports broader economic confidence, which tends to reflect positively on equities.
Company Results That Influenced Global Mood
Tesla Q4 Results
Tesla’s quarterly numbers reflected pressure on profitability.
- Q4 profit: $840 million
- Profit a year ago: $2.1 billion
- Decline: 61%
- Revenue: $24.9 billion
- Revenue fall: 3.1% year-on-year
- Capital spending budget (2026): over $20 billion
- Capital spending last year: $8.5 billion
The numbers highlighted how margins remain under pressure amid softer auto sales.
Microsoft Q2 Earnings
Microsoft reported strong growth in its latest quarter.
- Total sales: $81.27 billion
- Sales growth: 17%
- Profit: $5.16 per share
- Azure revenue growth: 38% (adjusted for currency)
Cloud performance remained a key driver, reinforcing strength in enterprise technology spending.
Samsung Q4 Results
Samsung Electronics delivered a standout quarter.
- Operating profit: 20 trillion won
- Operating profit last year: 6.49 trillion won
- Revenue: 93.8 trillion won, up 24% YoY
- Chip business operating profit: 16.4 trillion won, up 470%
- Mobile division profit: down 10% to 1.9 trillion won
The surge in chip profits underscored strong global demand in semiconductors.
Commodity Check: Gold and Crude in Focus
Gold Prices Extend Rally
Safe-haven buying pushed gold further up.
- Spot gold price: $5,511.79 per ounce
- Intraday record: $5,591.61
- Daily gain: 2.1%
Silver also followed the trend:
- Spot silver price: $118.061 per ounce
- Record high: $119.34
- Gain: 1.3%
Crude Oil Hits Four-Month High
Oil prices moved higher on geopolitical concerns.
- Brent crude: up 1.23% at $68.40 per barrel
- WTI crude: up 0.47% at $63.51 per barrel
Rising crude prices remain a variable the Indian stock market continues to track closely.
Summary: What This Means for the Indian Stock Market?
The Indian stock market begins the day with caution, not fear. Global cues are mixed. Domestic data is supportive. Key policy events lie just ahead.
- Indian indices closed strong in the previous session
- Gift Nifty points to a softer opening
- US markets stayed steady after the Fed decision
- Industrial production showed solid growth at 7.8%
- Global earnings and commodity prices continue to shape sentiment
As the day progresses, attention will stay on headlines and how global signals settle. For now, the Indian stock market remains in wait-and-watch mode, absorbing the overnight story before writing its own.
Source: Livemint
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