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[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened higher for the second consecutive day on Tuesday, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment. The BSE Sensex was trading 405 points, or 0.51%, higher at 80,612. The Nifty50 was up 120 points, or 0.49%, trading at 24,449 around 9:23 am. Among the Sensex constituents, IndusInd Bank, Tata Motors, Axis Bank, Reliance Industries, SBI, Bharti Airtel, and Tata Steel were the top gainers, rising up to 2% in early trade. On the flip side, Sun Pharma, Power Grid, Bajaj Finance, and Nestle India opened lower. U.S. Treasury Secretary Scott Bessent said on Monday that many top trading partners had made "very good" tariff proposals, with a potential deal with India expected soon. He indicated that an agreement could be finalised this week or next. Meanwhile, U.S. Commerce Secretary Howard Lutnick stated t...

[hfe_template id='11223'] [ad_1] The markets continued with their unabated upmove in the week that went by and ended once again with net gains. While continuing with the advance the Nifty 50 Index extended its move higher. However, as compared to the previous week, this time, the trading range got narrower as the Index oscillated 408.30 points against 824 points. This can largely be attributed to the absence of volatility. Against an increase of 4.72% as compared to the previous week, this week, India VIX came off by 8.02% to 12.69 on a weekly basis. While staying tentative at higher levels, the headline index closed with net weekly gains of 313.25 points (+1.30%). ETMarkets.com Despite the up moves getting extended, the markets also continue to show signs of an impending consolidation at higher levels. The 24350-24450 zone stays a strong resistance area for the markets as indicated by the options data. We may not see any major corrective moves taking place but thi...