Asian stocks experienced gains, mirroring the rise in equity-index futures, fueled by record-high US stock performance and positive developments in trade negotiations. Japan’s Nikkei 225 index saw a significant jump following extended trade talks. Meanwhile, crude oil prices declined as traders adjusted risk premiums ahead of the OPEC+ meeting, and US Treasuries experienced a slight dip.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.