Indian equities witnessed mild recovery on Tuesday with the Nifty gaining 0.4%. Analysts say the index is expected to trade in a broader range in the near term amid ongoing global macro uncertainty and sustained Foreign Institutional Investor outflows. Broader markets may continue to witness stock-specific movement, while investor focus is likely to remain on the RBI monetary policy outcome, keeping rate-sensitive sectors active. IT stocks are also expected to remain in focus following buying interest driven by positive commentary from global AI companies and strength in global technology shares.
STATE OF THE MARKETS
