FPJ News Service mumbai

Market sentiment indicated signs of improvement on Tuesday supported by a blend of global and domestic developments. The 30-share BSE Sensex climbed 317.45 points to settle at 82,570.91. During the day, it jumped 490.16 points to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points to 25,195.80. In the last four trading days, the Sensex dropped 1,459.05 points (1.74%) and the Nifty declined by 440 points (1.72%).

According to Dr VK Vijayakumar, chief investment strategist, Geojit Investments, a significant macro trend is the decline of CPI inflation in June to 2.10%. It appears that inflation will undershoot RBI’s projection of 3.7% CPI inflation for FY26, raising rate cut hopes. Will another 25 bps rate cut stimulate credit growth, which is languishing at around 9%? Experts said, analysts must explore the actual challenges that the banking sector faces today.  Sun Pharma, Trent, Tata Motors, Bajaj Finserv, Mahindra & Mahindra and Bajaj Finance were the top gainers. 

“Market sentiment is showing signs of improvement, supported by a blend of global and domestic developments. Optimism is growing around the possibility of an interim trade agreement with the US, which could lead to a moderation in tariff-related risks. Concurrently, domestic inflation has fallen to multi-year lows, strengthening expectations of a further rate cut by the RBI—potentially accelerating future economic growth, which is currently showing signs of improvement,” said Vinod Nair, head of research at Geojit Investments