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Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equity markets closed lower on Tuesday amid heightened volatility, weighed down by the absence of domestic triggers and persistent global uncertainty surrounding trade tariffs. The Nifty50 ended the session at 24,543, down 0.7%, while the Nifty Midcap and Smallcap indices saw mixed trends, ending 0.5% lower and 0.1% higher, respectively. All major sectoral indices ended in the red, except Nifty Realty, which extended its gains for a second consecutive session. Defence stocks also witnessed renewed interest amid heightened geopolitical tensions, particularly due to the escalating Russia-Ukraine conflict. Optimism over a potential RBI rate cut was offset by global concerns around trade tariffs and rising geopolitical tensions. Attention is likely to shift towards monsoon-linked themes and interest rate-sensitive sectors such as PSU banks and real estate, amid hopes that monetary easing could support economic momentum. Additionally, capital market stocks are expected to remain in the spotlight, with improved liquidity across the board driven by a surge in retail investor participation, renewed FII inflows, and growing optimism around domestic equities. With the Q4 earnings season largely behind us, markets are expected to remain in a consolidation phase as participants shift focus to key macro trends and global cues.

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