The Indian market ended in the green on Tuesday, snapping a three-day losing streak, as value buying in blue-chip names like Reliance Industries and HDFC Bank buoyed sentiment and tempered concerns over persistent foreign outflows and delays in a potential trade deal with the United States.
The BSE Sensex rose 446.93 points, or 0.55%, to close at 81,337.95, while the NSE Nifty gained 140.20 points, or 0.57%, to settle at 24,821.10.
Here's how analysts read the market pulse:
Amidst lingering uncertainties over the ongoing U.S.–India trade negotiations, the domestic equity market staged a modest recovery from intraday lows, said Vinod Nair, Head of Research, Geojit Investments, adding that almost all the sectors ended in green, with metal, pharma, and realty leading the gains, while IT, financials, and FMCG lagged due to weak quarterly results.
“Investor sentiment remains cautious ahead of key global events, including policy decisions from the U.S. Fed and the August 1 reciprocal tariff deadline. Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry. For the Nifty50 index, 25,000 to 25,100 is likely to act as a restriction at the upper end," said Nair.
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US markets
The S&P 500 and the Nasdaq touched fresh record highs on Tuesday as investors assessed a spate of earnings and turned their focus to the U.S. Federal Reserve's much anticipated policy meeting.
Key Dow components UnitedHealth and Boeing reported mixed quarterly results on the day. Health insurer UnitedHealth fell 4.2% after a disappointing profit forecast, while Boeing lost 2.7% despite reporting a smaller second-quarter loss.
The S&P 500 and the Nasdaq were largely aided this week by a U.S.-EU trade deal that halved tariffs to 15% and boosted expectations of more agreements ahead of Trump's August 1 deadline. Trump has also floated a potential "world tariff" of 15% to 20% for non-negotiating countries.
Key negotiations between the U.S. and China entered their second day in Stockholm as the two leading economies aim to iron out their trade conflict and possibly produce a 90-day extension to the tariff truce brokered in May.
European Markets
European shares turned lower on Tuesday after a shock profit warning from Novo Nordisk wiped more than 80 billion euros ($92.34 billion) off the heavyweight drugmaker's market value at one point.
Europe's region-wide STOXX 600 index took a hit, up around 0.3%, having traded as much as 1% higher before the news broke. Copenhagen's OMX index was last down more than 10% with Novo falling almost 30% at one point.
European banks rose on Tuesday to their highest level since September 22, 2008, shortly after the collapse of Lehman Brothers that year, as investors bet on improved profits and resilience in a sector broadly insulated from tariff turmoil.
The STOXX 600 Europe Banks was up 1.9%, bringing year-to-date gains near 38% and cementing itself as the top-performing sector in Europe. The broader STOXX 600 index was last up 0.5% on the day and 8.7% so far this year.
Tech View
The Nifty formed a bullish engulfing pattern on the daily chart, suggesting the possibility of a meaningful bullish reversal, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the 2-hourly chart, the index has started a recovery supported by a positive divergence.
“In addition, a hidden positive divergence is visible on the daily chart, further indicating the potential for a smart recovery in the short term. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750," said De.
Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Waaree Energies (Rs 3,035 crore), HDFC Bank (Rs 2,005 crore), Axis Bank (Rs 1,658 crore), RIL (Rs 1,508 crore), TCS (Rs 1,462 crore), ICICI Bank (Rs 1,450 crore) and IndusInd Bank (Rs 1,349 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 29.83 crore), Ola Electric Mobility (Traded shares: 6.51 crore), YES Bank (Traded shares: 5.61 crore), Suzlon Energy (Traded shares: 5.33 crore), Indian Energy Exchange (Traded shares: 4.65 crore), JP Power (Traded shares: 4.65 crore) and Canara Bank (Traded shares: 3.20 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Apar Industries, Netweb Technologies, Affle (India), Welspun Corp, Tata Chemicals, PNC Infratech and Birlasoft were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 118 stocks hit their 52 week highs today while 93 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Zen Technologies, Home First Finance, SBFC Finance, Sapphire Foods, Indian Energy Exchange, Signatureglobal India and Sundaram Finance.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,157 stocks that traded on the BSE on Tuesday, 1,521 stocks witnessed declines, 2,482 saw advances, while 154 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The BSE Sensex rose 446.93 points, or 0.55%, to close at 81,337.95, while the NSE Nifty gained 140.20 points, or 0.57%, to settle at 24,821.10.
Here's how analysts read the market pulse:
Amidst lingering uncertainties over the ongoing U.S.–India trade negotiations, the domestic equity market staged a modest recovery from intraday lows, said Vinod Nair, Head of Research, Geojit Investments, adding that almost all the sectors ended in green, with metal, pharma, and realty leading the gains, while IT, financials, and FMCG lagged due to weak quarterly results.
“Investor sentiment remains cautious ahead of key global events, including policy decisions from the U.S. Fed and the August 1 reciprocal tariff deadline. Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry. For the Nifty50 index, 25,000 to 25,100 is likely to act as a restriction at the upper end," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
The S&P 500 and the Nasdaq touched fresh record highs on Tuesday as investors assessed a spate of earnings and turned their focus to the U.S. Federal Reserve's much anticipated policy meeting.
Key Dow components UnitedHealth and Boeing reported mixed quarterly results on the day. Health insurer UnitedHealth fell 4.2% after a disappointing profit forecast, while Boeing lost 2.7% despite reporting a smaller second-quarter loss.
The S&P 500 and the Nasdaq were largely aided this week by a U.S.-EU trade deal that halved tariffs to 15% and boosted expectations of more agreements ahead of Trump's August 1 deadline. Trump has also floated a potential "world tariff" of 15% to 20% for non-negotiating countries.
Key negotiations between the U.S. and China entered their second day in Stockholm as the two leading economies aim to iron out their trade conflict and possibly produce a 90-day extension to the tariff truce brokered in May.
European Markets
European shares turned lower on Tuesday after a shock profit warning from Novo Nordisk wiped more than 80 billion euros ($92.34 billion) off the heavyweight drugmaker's market value at one point.
Europe's region-wide STOXX 600 index took a hit, up around 0.3%, having traded as much as 1% higher before the news broke. Copenhagen's OMX index was last down more than 10% with Novo falling almost 30% at one point.
European banks rose on Tuesday to their highest level since September 22, 2008, shortly after the collapse of Lehman Brothers that year, as investors bet on improved profits and resilience in a sector broadly insulated from tariff turmoil.
The STOXX 600 Europe Banks was up 1.9%, bringing year-to-date gains near 38% and cementing itself as the top-performing sector in Europe. The broader STOXX 600 index was last up 0.5% on the day and 8.7% so far this year.
Tech View
The Nifty formed a bullish engulfing pattern on the daily chart, suggesting the possibility of a meaningful bullish reversal, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the 2-hourly chart, the index has started a recovery supported by a positive divergence.
“In addition, a hidden positive divergence is visible on the daily chart, further indicating the potential for a smart recovery in the short term. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750," said De.
Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Waaree Energies (Rs 3,035 crore), HDFC Bank (Rs 2,005 crore), Axis Bank (Rs 1,658 crore), RIL (Rs 1,508 crore), TCS (Rs 1,462 crore), ICICI Bank (Rs 1,450 crore) and IndusInd Bank (Rs 1,349 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 29.83 crore), Ola Electric Mobility (Traded shares: 6.51 crore), YES Bank (Traded shares: 5.61 crore), Suzlon Energy (Traded shares: 5.33 crore), Indian Energy Exchange (Traded shares: 4.65 crore), JP Power (Traded shares: 4.65 crore) and Canara Bank (Traded shares: 3.20 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Apar Industries, Netweb Technologies, Affle (India), Welspun Corp, Tata Chemicals, PNC Infratech and Birlasoft were among the stocks that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52 Week high
Over 118 stocks hit their 52 week highs today while 93 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Zen Technologies, Home First Finance, SBFC Finance, Sapphire Foods, Indian Energy Exchange, Signatureglobal India and Sundaram Finance.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,157 stocks that traded on the BSE on Tuesday, 1,521 stocks witnessed declines, 2,482 saw advances, while 154 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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