Indian equities monitoring improved sentiment globally and easing tariff-related woes opened larger for the seventh day.
Dr. VK Vijayakumar, Chief Funding Strategist, Geojit Investments mentioned, “The 5.6% rally within the Nifty from the current lows has been pushed by a mixture of things like FIIs turning patrons (Rs 13765 crores within the final three days), the resultant short-covering and enhancing macros of the Indian economic system. The surge in mid and smallcaps has introduced the retail traders aggressively again into the market. Despite the fact that the market momentum favours the bulls there is no such thing as a basic assist to take the market a lot larger from the current ranges, notably when President Trump’s Damocles sword of reciprocal tariff is hanging over the top of markets.”
The market is buoyed by hopes of softer tariffs from Trump’s administration, with FIIs shopping for Rs 3,056 crores. Nifty’s technicals point out bullish consolidation with key resistance at 24,500. Cummins India, Tech Mahindra, and Hindustan Copper are shares to observe for potential features on early declines, notes
Prashanth Tapse, Senior VP (Analysis), Mehta Equities
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Asian markets
Most Asian markets rose in Tuesday’s commerce as US President Trump is seen to turn out to be much less extreme in his tariff-related strikes. Hong Kong’s Cling Seng, nonetheless, noticed a pointy beating, and was down 2 per cent.
Broader Asian markets mirroring Wall Avenue features additionally traded larger. Japan’s Nikkei, in the meantime, was among the many finest performing Asian market, rising over 0.6 per cent.
