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Markets experienced volatility, declining nearly 1% due to weak global cues, with analysts emphasizing the critical support level of 23,500 for a rebound. Several companies like ICICI Pru Life, Anand Rathi Share, LIC, Vedanta, and HAL are in focus due to Q4 results and news developments.
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Indian markets saw a strong rebound after six weeks of decline, boosted by positive global sentiment. Hopes for a US-Iran ceasefire initially supported the rally. However, the collapse of peace talks and rising tensions led to market volatility. The Gift Nifty signals a positive start for Monday’s trading session. Oil prices declined amid expectations of renewed peace talks.
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US stocks rallied, with the S&P 500 and Nasdaq closing higher as investors grew hopeful over potential Middle East de-escalation and Iran talks. Softer US producer inflation and a solid earnings season boosted risk appetite. Tech, software and semiconductor stocks led gains, with indices nearing record highs.
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U.S. Treasury ​Secretary Scott Bessent ​on Tuesday said he ​was quite confident that core inflation would continue to go down in the ‌United ⁠States ⁠despite the Iran war, and repeated ​his call for the Federal Reserve to cut ​its interest rates.
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Indian markets ended lower as stalled US-Iran talks triggered broad selling across sectors. Nifty and Sensex declined sharply, though technical indicators suggest near-term uptrend remains intact, with key support at 23,500 and resistance near 24,100 amid cautious investor sentiment.
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