Fertilizer and agrochemical stocks surged, fueled by robust Q1 results from companies like Paradeep Phosphates and Mangalore Chemicals & Fertilisers. A resurgence in demand post-COVID and promising monsoon forecasts, exceeding normal levels by 6%, further bolstered investor confidence. Several companies have witnessed substantial gains in recent months, driven by import replacement opportunities.

Asian equities displayed mixed performance ahead of the Federal Reserve s policy decision, with limited impact from US-China trade talks. The US and China are continuing negotiations regarding a tariff truce, while Trump hinted at potential tariffs on India.

Markets rebounded on Tuesday, gaining ground after a recent dip. Several companies are in the spotlight, including IndiGo, Hyundai, L&T, JSW Steel, and NTPC, due to their first-quarter results and other significant news. L&T and NTPC reported substantial profit growth, while Jio Financial is considering a fundraising proposal.

Novo Nordisk s market value plummeted by $70 billion following a profit warning and the appointment of Maziar Mike Doustdar as the new CEO. The company slashed its 2025 sales growth outlook due to lower expectations in the U.S. market, particularly for Wegovy and Ozempic. Doustdar faces the urgent challenge of reviving U.S.

U.S. stocks closed lower on Tuesday, with the S&P 500 and Nasdaq pulling back from record highs due to disappointing corporate earnings. UnitedHealth and Boeing dragged down the Dow after their quarterly results. Investors are awaiting the Federal Reserve s policy statement amidst mixed economic data.

National Securities Depository Limited garnered Rupees 1,201 crore from anchor investors before its initial public offering. The IPO opens for subscription today. Life Insurance Corporation of India is the largest anchor investor. Other global and domestic institutions also participated. The IPO is entirely an offer for sale. NSDL reported revenue of Rupees 1,420 crore in fiscal year 2025.

Gold prices remained stable as investors awaited the Federal Reserve s policy statement for insights into future rate cuts. Focus also remained on U.S.-China trade talks before the August 1 deadline, with officials seeking an extension to the tariff truce. Investors are also closely monitoring U.S. economic data releases, including GDP figures.

The euro stabilized after recent losses, influenced by U.S.-EU trade dynamics and anticipation of Federal Reserve and Bank of Japan policy meetings. While U.S. and China aim to extend tariff truce, the U.S.-EU accord sparks mixed reactions in Europe due to perceived imbalances.

Oil prices saw a slight increase on Wednesday. This followed a rise of over 3% previously. Donald Trump gave Russia a deadline to end the war in Ukraine. He threatened tariffs. These tariffs could disrupt Russian oil exports. The US and EU averted a trade war. Talks are ongoing regarding Venezuela s oil production. These factors are influencing the oil market.