Robust Earnings, Softer Crude To Lift Sentiments

Global markets stayed risk‑off as mega‑cap tech earnings and cautious AI capex guidance dragged US indices lower ahead of the elections. Bond yields remained elevated.

In contrast, Indian equities staged a strong rebound, aided by FPI buying, softer yields and robust GST collections. The rupee firmed, and Nifty’s structure improved; sustaining above 23,175 could open 23,500, with supports at 22,800 and 22,650.