Tech stocks rebound amid easing geopolitical tensions

Global markets showed signs of stabilization as U.S. equities rebounded, led by sharp gains in semiconductor stocks on easing geopolitical tensions. However, elevated bond yields and persistent inflation concerns continue to cap upside.

Asian markets followed with gains, supported by the tech rally. Domestically, sentiment remains cautious after Nifty’s sharp decline in the previous session. The rupee weakened amid higher crude prices and a stronger dollar.

Technically, Nifty remains under pressure below key averages, with immediate resistance at 23,300, while a breach below 23,070 could extend downside toward the 22,700 – 22,800 zone.