Synopsis : Indian markets opened slightly higher on Tuesday, tracking Asian peers and ahead of key US trade deadline talks. Gains in Apollo Hospitals, Asian Paints, and the Realty sector provided early support to benchmarks.
Indian equity markets opened on a positive note on Tuesday as global cues turned mildly optimistic ahead of the July 9 US tariff deadline. The BSE Sensex gained over 100 points, trading near 83,690, while the Nifty50 stayed comfortably above the 25,500 mark.
Gains in select heavyweights like Apollo Hospitals and Asian Paints, alongside a bounce in the realty and infra sectors, helped maintain bullish sentiment.
Top Movers and Announcements
Apollo Hospitals rose 4% after its board approved a major restructuring plan, including the listing of its digital health and pharmacy units.
Kalpataru Projects surged 5% on securing Rs 989 crore worth of overseas T&D power orders.
NCC Ltd gained 3% after bagging Rs 1,691.5 crore in new building contracts from both government and private agencies.
IREDA climbed 3% post its Q1 operational update, showing a 31% surge in disbursements and a growing loan book.
BEL advanced 2% after winning Rs 528 crore worth of new orders for radars, EVMs, and defence equipment.
Sectoral Watch
Nifty Realty led the charge with a 0.7% gain, with strong buying in Raymond, Anant Raj, Oberoi Realty, and DLF.
Indices like Nifty Bank, Auto, FMCG, and IT also saw mild upticks at the open.
Global Market Pulse
The US dollar weakened due to uncertainty around Trump’s tariff and tax policies.
Oil prices dipped as investors expect higher OPEC+ supply and slower global growth.
Gold gained due to dollar weakness and anticipation of Fed rate cues.
S&P 500 and Nasdaq posted record highs, capping their best quarterly performance in over a year.
Asian stocks rose modestly, helping sustain global risk appetite.
Market Outlook
Analysts are cautiously optimistic, noting that the market is awaiting any update on India-US trade negotiations ahead of the July 9 deadline. While domestic fundamentals remain intact, geopolitical and trade developments will determine near-term momentum.
Disclaimer : This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult certified financial experts before making investment decisions.
