It was a cautiously optimistic Tuesday for Indian markets. The Sensex rose 270 points, and the Nifty topped the 25,500 mark, powered by gains in financial and IT stocks… but not everything was green.
The trigger?
US President Donald Trump delayed new tariffs till August 1, and hinted that a trade deal with India was “close.”
That comment alone was enough to lift investor mood across Asia, and the Street responded.
On the BSE Sensex, Kotak Mahindra Bank surged 3.6% after strong Q1 numbers.
NTPC, Adani Ports, BEL, and Asian Paints followed with healthy gains.
Financials and private banks led the rally, while IT stocks quietly added support, with Infosys, Wipro, and Mphasis up between 0.7% and 1.3%.
But here’s where the shine fades…
Titan cracked 6.2%, its worst fall in 14 months, after June quarter sales missed estimates.
BSE Ltd. dropped 5.5% as the fallout from SEBI’s crackdown on US-based Jane Street continued to rattle capital market stocks.
Angel One was down 3.6%.
In the broader market, the mood was subdued.
The Nifty Smallcap and Midcap 100 both ended in the red.
Expert view
Vinod Nair of Geojit said sentiment is still “cautiously optimistic,” but investors are waiting for formal confirmation of the India–U.S. trade deal.
Rupak De of LKP added that a bullish setup is building on the charts, with support at 25,400 and resistance near 25,750.
Globally, Asia-Pacific markets edged higher, shrugging off Trump’s tariff threats.
Japan and Korea posted gains, while Europe stayed flat, with the EU likely avoiding fresh US tariffs for now.
Crude oil eased after Monday’s rally, and
The rupee strengthened to 85.69 against the dollar, tracking gains in other Asian currencies.
So, what’s next?
All eyes are now on earnings season, global trade talks, and whether this optimism can hold or fade just as quickly.
That’s it for today.
Catch you tomorrow with more from the markets.
