Daily Market Commentary : Nifty Ends Slightly Higher, Gains 61 Points by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Indian equities ended marginally higher on Tuesday, with the Nifty50 closing at 25,522, up 61 points or 0.24%. Broader indices underperformed, as the Nifty Midcap100 and Smallcap100 declined 0.2% and 0.3%, respectively. Markets remained subdued through most of the session but saw a late recovery amid reports that the long-awaited mini trade deal between India and the US may be announced today. Textile stocks rose after the US imposed a 35% tariff on Bangladesh, boosting expectations of incremental export orders for Indian players. AMC stocks gained after SEBI proposed easing norms around mutual fund operations, allowing management of non-broad-based pooled funds without a PMS licence under stricter oversight. Overall, markets are expected to remain optimistic in the near term, supported by hopes of a trade breakthrough and the upcoming earnings season.
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