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Indian markets ended flat on Tuesday as a pullback in IT stocks halted a brief rally and foreign investors turned sellers. The Sensex dipped 42 points while the Nifty held steady. Broader markets were mixed, even as global equities hovered near record highs and commodities flashed volatility amid geopolitical tensions.
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Ray Dalio warns investors to focus on the U.S.-China technology war, not daily market noise. He says the global order is breaking down, technology will decide power, and India could emerge as the strongest growth outlier by staying neutral.
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Nifty is likely to challenge its lifetime high of 26,300 soon, with dips offering buying opportunities, says ICICI Direct’s Dharmesh Shah. Bank Nifty shows relative strength, while IT stocks are seeing normal profit booking after a sharp rally. Medium-term outlook remains positive, with a Santa rally and higher January targets in focus.
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Sebi cleared three IPOs across cloud services, polymers and infrastructure, all entirely fresh issues. ESDS plans a Rs 600 crore raise for data centres, BLS Polymers targets expansion and working capital, while Dhariwal Buildtech aims to cut debt levels significantly.
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Indian markets may stay range-bound in 2026 unless earnings growth revives and the rupee stabilises, warns Demeter Advisors founder Ashwini Agarwal. While IPO momentum remains strong, fresh foreign inflows are limited. Agarwal advises asset allocation, cash buffers and bottom-up stock picking as key strategies amid valuation disparities and macro risks.
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