Domestic markets ended higher on Tuesday, aided by gains in banking and financial stocks after the RBI unveiled a concessional forex swap facility aimed at easing overseas borrowings and improving foreign currency liquidity. Analysts say Indian markets are expected to stabilise in the near term amid talks of a truce between Israel and Iran and easing crude oil prices, which have improved overall market sentiment. However, the absence of a definitive resolution to geopolitical tensions, coupled with concerns over inflation, commodity price volatility and monsoon trends, may keep investors cautious and limit upside.
STATE OF THE MARKETS
