Domestic markets extended their gains on Tuesday, with the Nifty closing at 23,989. Analysts say Indian equities are expected to maintain their gradual positive momentum, supported by improving geopolitical developments, a revival in foreign institutional participation and a further fall in crude oil prices. Progress towards a potential US-Iran peace agreement, reportedly scheduled for signing in Switzerland on Friday, along with expectations of the full reopening of the Strait of Hormuz, has significantly improved global sentiment.
STATE OF THE MARKETS
