Mumbai: Indian equity markets opened on a positive note on Tuesday, even as most Asian peers traded flat.
Investors are watching global cues—particularly developments around US trade negotiations—and tracking domestic Q2 FY26 earnings to gauge the market’s next move.
At the opening bell, the Sensex rose 98 points (0.12%) to 84,877, while the Nifty gained 26 points (0.10%) to 25,992, inching closer to the key 26,000 mark.
Analysts noted that the Nifty continues to hold firm above its crucial support zone of 25,700–25,750, maintaining a sideways-to-bullish bias. On the upside, resistance lies at 26,000–26,100, and a clear breakout above 26,000 could trigger a rally toward 26,100–26,200 in the near term.
Among the Sensex constituents, Tata Steel, SBI, L&T, Bharti Airtel, Power Grid, HUL, Axis Bank, and Maruti Suzuki were the top gainers, rising up to 0.7%.
Meanwhile, ICICI Bank, Bajaj Finance, Asian Paints, Bharat Electronics, Bajaj Finserv, and Sun Pharma were among the early laggards.
In the broader market, the Nifty MidCap index added 0.08%, while the Nifty SmallCap index advanced 0.36%, showing resilience in smaller stocks.
Sectorally, PSU banks led the gains, with the Nifty PSU Bank index climbing 1.2%. The Auto and Metal indices also traded slightly higher, up around 0.15% each.
Analysts said investors remain cautiously optimistic, taking cues from both corporate earnings and international trade talks.
“There are expectations of a potential US–China tariff agreement, and if the upcoming Trump–Xi meeting on Thursday yields positive results, global markets—already at record highs with indices like the S&P 500, Nikkei, and Kospi—could see further gains,” experts said.
They added that India’s market fundamentals remain strong, supported by robust GDP growth and corporate earnings, though high valuations could prompt foreign investors to turn sellers if the market rallies sharply.
