Benchmark indices Nifty and Sensex climbed over 0.9% and 1% respectively on Tuesday, amid short covering in anticipation of US-Iran peace talks following the recent ceasefire. Foreign institutional investor selling also eased, supporting the rebound.
Dalal Street rebounded strongly on Tuesday, with the Nifty gaining more than 0.9% and the Sensex advancing over 1%. This uptick came after the prior week's ceasefire-driven rally, as traders unwound bearish positions ahead of scheduled US-Iran peace talks. Moderation in foreign portfolio investor outflows provided additional relief following earlier declines. Technical indicators suggest upside potential toward Nifty levels of 24,800-25,000 if momentum persists. The move reflects optimism on geopolitical progress, though oil price concerns remain. FII selling slowed versus recent sessions, stabilizing equity inflows.
