Mumbai (Maharashtra) [India], October 14 (ANI): Indian stock market opened within the constructive territory on Tuesday, although buyers remained cautious because the India-US commerce deal continues to progress with talks shifting forward.
The Nifty 50 index opened at 25,277.55, gaining 50.20 factors or 0.20 per cent, whereas the BSE Sensex started the day at 82,404.54, up by 77.49 factors or 0.09 per cent.
Experts mentioned that whereas the general temper is bettering on account of progress in commerce discussions between India and the United States, uncertainty over tariffs continues to weigh on investor sentiment.
Banking and market knowledgeable Ajay Bagga instructed ANI, ‘Indian markets had been tepid on Monday, with the Friday US impression being absorbed by recent home shopping for. Futures are pointing to a flat open for the Indian markets. Indian commerce ministry introduced that commerce talks with US are progressing nicely, nonetheless the markets aren’t prepared to issue this in until the precise deal is completed, given the Trump technique of chaos and unpredictability.’
Bagga added that the latest Middle East peace bulletins are a constructive signal for world geopolitics. He famous that with Ukraine’s chief scheduled to fulfill President Trump within the US on Friday, expectations of extra weapons and assist for Ukraine are excessive.
On the commodities entrance, oil, gold and silver costs have risen. Gold climbed to a brand new lifetime excessive of USD 4,149 per ounce, whereas silver costs are witnessing a speedy surge on account of a bodily scarcity available in the market, forcing exchanges globally to scramble to fulfill supply calls for.
Meanwhile, world market sentiment improved barely after US President Donald Trump adopted a extra conciliatory tone in direction of China. US Secretary of State Bessent confirmed that the Trump-Xi assembly scheduled for the tip of the month will happen as deliberate. Following this, the US markets recovered greater than half of their losses from Friday.
In the cryptocurrency market, restoration continues after the compelled liquidation of over USD 19 billion in leveraged positions on Friday, which worn out 1.6 million accounts.
Bagga recommend that the ‘whale’ who took a big place earlier than the Trump-China 100 per cent tariff announcement has once more constructed up a big brief place on Monday.
On the home entrance, a number of firms are set to announce their second-quarter earnings at this time. These embrace Tech Mahindra, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Persistent Systems, Bank of Maharashtra, Indian Renewable Energy Development Agency, Leela Palaces Hotels & Resorts, Thyrocare Technologies, Cyient DLM, Navkar Corporation, Automobile Corporation of Goa (ACGL), GTPL Hathway, and Aditya Birla Money.
In addition, LG Electronics India, a producer and distributor of residence home equipment and client electronics (excluding cell phones), will make its stock market debut on Tuesday.
Among different Asian markets, Japan’s Nikkei 225 declined 1.29 per cent, Singapore’s Straits Times fell 0.4 per cent, and Hong Kong’s Hang Seng index dropped 0.45 per cent. However, South Korea’s KOSPI gained 0.57 per cent, and Taiwan’s weighted index rose 0.92 per cent.
Despite lingering world uncertainties, analysts imagine the bettering trajectory of India-US commerce talks and robust home fundamentals might help market resilience within the close to time period. (ANI)