FX.co ★ India Stocks Rise for 2nd Day

On Tuesday morning, the Indian stock market saw a rise of 102 points, translating to a 0.1% increase, reaching 80,321. This marks the second successive session of gains, with the market at its highest in over four months. The positive trend was driven by advancements in the technology, automotive, and state-run banking sectors. Investor sentiment was buoyed by anticipation of strong Q4 earnings, with key companies such as Bajaj Finance, BPC, and Ambuja Cements set to release their quarterly results later in the day. Market participants also paid close attention to progress in the US-China trade negotiations as well as remarks from Commerce Secretary Howard Lutnick, who indicated that President Donald Trump’s administration was set to mitigate the effects of automotive tariffs. Additionally, the easing of geopolitical tensions between India and Pakistan, following diplomatic efforts for de-escalation from both China and the US, further enhanced investor confidence. The Nifty index rose by 0.1%, exceeding 24,300 points, buoyed by significant contributions from Tata Motors (up 1.3%), Tech Mahindra (up 1.0%), IndusInd Bank (up 0.9%), and Reliance Industries (up 0.8%).