Markets are expected to open on a positive note on Tuesday, as the volatility triggered by US President Donald Trump receded. Nifty is expected to open around 100 points higher, taking cues from the positive trend in Asian markets after Trump announced a delay in tariffs on Mexico and Canada for a month.
Arindam Mandal, Head of Global Equities at Marcellus Investment Managers, stated that Trump’s recent tariff announcements are in line with previous discussions and may not be as shocking as in 2018. While tariffs could provide short-term fiscal benefits, they may also lead to higher inflation, contradicting Trump’s desire for lower interest rates. Investors should remain vigilant for potential investment opportunities amid ongoing economic and political developments.
Analysts are now focusing on the RBI monetary policy and expect the market to trade within a narrow range in the short term. Rajesh Bhosale, Technical Analyst at Angel One Ltd, advised traders to focus on individual stocks rather than aggressive overnight positions due to potential volatility in global cues.
Ajit Mishra, SVP of Research at Religare Broking Ltd, mentioned that the market may continue in a consolidation phase, with global cues, corporate earnings, and the upcoming MPC meeting influencing its direction. He advised investors to remain cautious and manage positions on both sides.
Overall, the outlook for the market remains positive, with a focus on key developments both domestically and internationally shaping the market direction in the coming days.
