All eyes on RBI's MPC

Global markets showed mixed trends as the Dow surged to record highs on rotation into defensives, while tech stocks came under pressure following earnings disappointment in the semiconductor space. Treasury yields eased, though broader sentiment remained cautious amid crypto market weakness and global tech sell‑offs.

Asian markets tracked the weakness, led by sharp declines in technology stocks. Domestically, Nifty ended marginally higher but continues to trade below key moving averages, indicating a weak undertone. Focus now shifts to the RBI policy and GDP data, with support at 23,151 and resistance near 23,800 guiding near‑term direction.