Indian equity indices experienced a decline of over 1% on Tuesday, influenced by weak global cues and profit-booking in key sectors ahead of the monthly expiry. Despite the downturn, analysts maintain a bullish outlook. Market sentiment was also affected by uncertainty surrounding Donald Trump’s tariffs and trade agreements, contributing to investor caution.
Q3 earnings recovery could trigger market upswing: Nikhil Ranka
Nikhil Ranka from Nuvama Asset Management suggests that the market has corrected, presenting an 8–9% upside from the Nifty’s fair value. IT stocks appear to