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​These stocks’ 50-day SMA crossed below their 200-day SMAs on March 17.
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Niranjan Avasthi of Edelweiss MF highlights that while China offers tactical investment opportunities due to recent market rebounds, India remains a strong structural growth story. With the US market peaking, long-term capital is likely to prefer India’s promising economy over Europe’s catch-up phase or China’s temporary gains. Indian markets are attractive with strong growth prospects.
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Nischal Maheshwari, CEO and Market Expert, feels the market is close to the bottom and expects clarity post the resolution of Trump’s reciprocal tariffs on April 2. He is optimistic about the Indian economy due to rate cuts, tax breaks, and government spending, with banking, IT, and pharma sectors likely to benefit.
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Japanese equity benchmarks outperformed with gains topping 1%, while shares in Australia and South Korea also advanced. Futures showed Hong Kong’s benchmark may open more than 2% higher on Tuesday. That’s after US stocks climbed for a second day, as industrial and energy shares rallied.
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