National markets are expected to open with a flat note on Tuesday despite the volatile global market conditions. During the night, US stocks fell between 2 and 2.5 percent and most of the equity in the Pacific of Asia have been reduced in the first agreements, he thought that Nikkei of Japan and Kospi of Korea have eliminated marginal profits. Gift Nifty to 24,165 points out a stable opening, thought analysts expect volatility due to the next expiration of April derivative contracts.
The performance of foreign portfolio investors as buyers is giving, experts said. If they turn to the aggressive purchase, the market will hold the current rally, they said.
Emkay Global Research, in his market perspective, said that pause in the tariffs of the United States is a great positive, and “we now see few possibilities that the draconian proposals of April 2 will see daylight.” The national broker now expects a strong equita from India to recover with the profits that give background, modify the valuations and global uncertainty reduced substantially. “We maintain our ingenious objective at 26,000 for March 26,” he said and added that “we get positive in technology and materials, while retaining the OW in medical care and medical care. We cut our exhibition of basic products to zero and retain its finance.” However, it expects some volatility, however, as the news about tariffs refer and flow, but ignore noise and purchase in any consistent correction.
Technical indicators have a positive vision.
Send Bhojane, research analyst, Broking Choice, said: Impulse indicators continue to support the bullish impulse. “The RSI is 65.53 and increases, while the stochastic RSI has transmitted a bullish crossing, both the suggestion force and the continuation in the upward trend. While the index is maintained above the mobile averages and the support levels, the feeling is.”
Return for banks
A stronger result than expected of segment leaders, ICICI and HDFC, reinforced the ingenious banking index to record high levels. The earning command box was marked by positive surprises in Nims and the quality of the assets. The feeling is improved by the intention of the Central Bank to maintain a comfortable systemic liquuidity. The best profitability and progress of PSU banks in government reforms also supports the banking index.
Rohan mandora, analyst, Equirus securities, said: H1Fy26 can raise some challenges for banks, since the transmission of a 50 -bp repo rate in the first quarter is expected, with an additional cut of 25–50 pb probably in fiscal year 2016. Large private banks (HDFC, ICICI and Axis, have already reduced their savings deposit rates by 25 PB in April 2025. Some have also reduced the maximum term deposit rates by 5–40 bp, partially mitigating NIM compression.
Limited foam signs
While the valuations have expanded due to the rally, they remain significantly below the historical multiples, which indicates limited foam signs, he said. “It is expected that the quality of the assets will remain stable in general, although certain segments, such as microfinance, commercial loans not guaranteed and credit cards, can continue to see high credit costs in the fourth trimester. We anticipate an environment favored for the Finnonment, H2Fy26 onards queue wind,” he said.
Posted on April 22, 2025