Markets regained upward momentum after optimism around the recently unveiled trade framework. Foreign investors returned to equities, and if no major adverse developments emerge in the coming days, the market is poised to push to new highs.
Following the re-election of Japanese Prime Minister Takaichi, the Japanese market rose for a second consecutive day, while other Asian markets also posted gains. European and US markets finished higher on Monday, setting a positive tone for Asian markets today.
Robust global cues have lifted risk appetite. In derivatives trading at GIFT City, the GIFT Nifty closed overnight around 25,973.5 and opened near 25,992 in early trade. These signals point to a strong start for Indian equities today. Benchmark indices are expected to sustain gains amid broad participation from both domestic and foreign investors.
Among ADR markets, some heavyweight Indian stocks saw mixed movement, with Infosys and Wipro trading lower on New York exchanges ahead of the domestic open.
Market breadth was positive, with gains across most segments. Metals, financials and industrial stocks were among the better performers. Investors also cheered strong quarterly results from major lenders, underpinning confidence in financials.
Technical indicators suggest immediate support around key levels; in GIFT derivatives, maintaining support near the 25,785 zone is important for sustaining momentum. On the upside, resistance is likely around the 25,910 to 26,000 zone.
Parachute-maker Marico has acquired Candid, a Vietnam-based skincare brand, expanding its presence in the Southeast Asian personal care market.
The move is part of Marico’s strategy to strengthen its international portfolio and tap into faster-growing consumer segments outside India. Vietnam is seen as a key growth market for beauty and personal care products, driven by rising disposable incomes and changing consumption patterns.
Marico already has a strong footprint in overseas markets, with international operations contributing a significant share of its consolidated revenue. The acquisition is expected to complement the company’s existing product range and distribution network in the region.
Further details regarding the size of the deal, valuation and integration plans were not immediately disclosed.
Crude oil prices climbed despite no significant increase in geopolitical tensions in West Asia, with ongoing US–Iran talks in focus. Gold remained volatile above $5,000 an ounce and has spent consecutive sessions above that level, while silver and other precious metals showed mixed moves.
Currency markets saw the US dollar slightly stronger against the rupee, though the broader trend continues to be influenced by foreign flows and global risk appetite. Benchmark government yields held steady with no fresh impetus from central bank actions.
Cryptocurrencies continue to witness sharp volatility. After moving above $70,500 in the previous session, prices saw fluctuations as traders booked profits at higher levels.
Market participants remain cautious amid mixed global cues and uncertainty over near-term regulatory and macro developments. Analysts say the recent rally has made the market vulnerable to short-term corrections, even as long-term sentiment remains constructive.
Bitcoin continues to set the tone for the broader crypto market, with movements in major altcoins largely tracking its direction. Trading volumes remain elevated, reflecting heightened activity from both institutional and retail investors.
Experts advise caution in the near term, noting that sharp intraday swings could persist as the market reacts to global risk sentiment, movements in the US dollar and interest rate expectations.
The renewed presence of foreign investors, supportive global cues and improving risk sentiment have lifted the morning mood on Dalal Street. The market is expected to build on this optimism, provided broader macro indicators remain benign.