FX.co ★ Indian Stocks Little Changed on Tuesday

Indian stocks remained largely unchanged on Tuesday as profit-taking in the financial sector counterbalanced gains from optimism surrounding the US-China trade discussions and ongoing policy support from the Reserve Bank of India (RBI). After reaching record highs, financial and banking stocks saw a decline, with losses of 0.5% and 0.4% respectively, as investors capitalized on profits. Among them, HDFC Bank and ICICI Bank decreased by 0.7% and 0.8%. Mid- and small-cap indexes also experienced a stagnant day. However, the IT sector appreciated by 1.7%, buoyed by hopes of a trade agreement which would benefit companies with US interests. Grasim saw a notable 3.7% rise after being highlighted by Morgan Stanley as a top investment choice. Coforge increased by 2% following positive remarks from JPMorgan. Tata Power climbed 1.7%, celebrating a significant milestone in solar production. Overall, the global market mood was positive, underscored by the ongoing US-China trade negotiations moving into their second day.