GIFT Nifty up 130 points; markets eye global cues, corporate earnings

Indian markets are acceptable for a cautious yet affirmative commencement connected Tuesday, with GIFT Nifty rising 134.50 points to 23,548, signaling aboriginal spot for Dalal Street. However, capitalist sentiment remains fragile amid ongoing planetary commercialized tensions, a anemic rupee, and overseas outflows.

Markets nether unit from Trump’s tariffs

Equities crossed the globe faced selling unit aft erstwhile U.S. President Donald Trump imposed tariffs connected Canada, Mexico, and China, sparking fears of a commercialized war. The dollar strengthened, pushing the Indian rupee to a grounds debased of 87.29 against the greenback. Market experts suggest that planetary uncertainties could overshadow the budget's interaction successful the adjacent term.

"Concerns implicit Trump’s tariff decisions person led to consolidation, and cardinal enactment for Nifty lies astatine 23,200/23,100. Resistance is placed astatine 23,400," said Ajit Mishra, SVP of Research astatine Religare Broking.

Key marketplace indicators

• India VIX: The volatility scale roseate 1.8% to 14.35, reflecting accrued marketplace uncertainty.
• Foreign Institutional Investors (FIIs): FIIs turned nett sellers, offloading Rs 3,958 crore worthy of equities connected Monday, portion Domestic Institutional Investors (DIIs) bought shares worthy Rs 2,708 crore.
• F&O Ban List: No securities are nether the F&O prohibition for today’s session.

Wall Street closes lower, Asian markets gain

U.S. stocks ended little connected Monday but pared earlier losses aft Trump delayed tariffs connected Mexico.

• S&P 500 fell 0.76%
• Nasdaq dropped 1.2%
• Dow Jones declined 0.28%

However, Asian markets bounced backmost arsenic Trump extended tariff discussions with Mexico and Canada by a month.

• S&P 500 futures up 0.6%
• Hang Seng futures roseate 0.9%
• Australia’s S&P/ASX 200 gained 0.7%

Commodity and currency watch

• Gold: Prices stay adjacent grounds highs arsenic investors question safe-haven assets amid economical uncertainty.
• Canadian Dollar & Mexican Peso: Stabilized aft rebounding from multi-year lows pursuing Trump’s tariff delay.

Outlook for the day

The market's absorption volition beryllium influenced by firm earnings, planetary cues, and the upcoming RBI Monetary Policy Committee (MPC) meeting. While aboriginal indications suggest a affirmative start, traders should stay cautious amid planetary uncertainties and FII selling pressure.