This is how analysts read the market pulse:
Domestic markets remained cautious ahead of the US Supreme Court ruling on Trump-era tariffs, with renewed uncertainty over US trade policy extending recent consolidation, said Vinod Nair, head of research at Geojit Investments. He added that continued FII outflows, rising US and Japanese bond yields and a weaker rupee weighed on investor confidence. “Midcap and smallcap stocks underperformed benchmarks, and sentiment was generally negative across sectors. In the near term, market sentiment will depend on earnings season, while geopolitical developments and global trading conditions remain key influences,” Nair said.
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American markets
Wall Street’s major indexes fell to their lowest in almost three weeks on Tuesday as investors were spooked by new tariff threats from President Donald Trump against Europe amid a dispute over control of Greenland.
US traders returned from a market holiday to a risk wave already in motion, pushing gold to new record highs, dragging stocks around the world lower and US Treasuries wobbled under renewed selling pressure.
Trump said on Saturday that additional 10% tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain – all already subject to US-imposed tariffs.
The tariffs would rise to 25% on June 1 and would continue until a deal is reached for the US to buy Greenland, Trump wrote in a post on Truth Social. Leaders of Greenland, an autonomous region of Denmark, and Denmark have insisted the island is not for sale.
European markets
European shares fell on Tuesday after the US president threatened to reignite a trade war with Europe over Greenland.
President Donald Trump said he was no longer thinking “purely about peace” after failing to win the Nobel Peace Prize, and reiterated his threat to raise tariffs on EU members Denmark, Finland, France, Germany, Sweden and the Netherlands, along with Britain and Norway, until the US is allowed to buy Greenland.
EU leaders will discuss options at an emergency summit in Brussels on Thursday, including tariffs worth 93 billion euros ($109 billion) on US imports.
Stock markets fell, extending Monday’s declines as US threats reignited the ‘Sell America’ debate sparked after Trump announced ‘Liberation Day’ tariffs last April.
Europe’s STOXX 600 was down 1.2% at 1237 GMT on the day, having already fallen 1.2% on Monday, while the MSCI World Equity Index fell 0.2%. The FTSE 100 fell 1%.
Technical view
The bears resumed control as the bulls were increasingly marginalized amid ongoing transatlantic trade tensions, said Rupak De, Senior Technical Analyst at LKP Securities, adding that “the support looked vulnerable as the Nifty continued to break them on strong institutional selling.”
“The indicators remained in a bearish crossover and are approaching the oversold zone. On the daily chart, the index appears to be drifting towards the 200-DMA. Immediate support is seen around 25,100-25,150. If this level holds, a significant pullback can be expected,” De said.
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Most active stocks in terms of turnover
HDFC Bank (Rs 3,351 crore), Hindustan Zinc (Rs 3,121 crore), Eternal (Rs 2,284 crore), ICICI Bank (Rs 2,072 crore), RIL (Rs 1,848 crore), Hindustan Copper (Rs 1,532 crore) and TCS (Rs 1,407 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 73.75 crore), YES Bank (shares traded: Rs 16.54 crore), Ola Electric Mobility (shares traded: Rs 13.9 crore), Aditya Birla Fashion and Retail (shares traded: Rs 9.22 crore), Eternal (shares traded: Rs 8.36 crore), IFCI (shares traded: Rs 7.19 crore) and Jindal Saw (shares traded: Rs 7.19 crore) 6.57 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Deepak Nitrite, Jindal Saw, Hindustan Zinc, JK Cement, Sun TV, Dalmia Bharat and Krishna Institute of Medical Sciences were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 65 stocks hit their 52-week highs today, while 713 stocks fell to their 52-week lows. Hindustan Zinc, SBI and Bank of India were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure were Newgen Software, Data Patterns (India), Ola Electric Mobility, Sobha, UPL, Oberoi Realty and Jyoti CNC Automation.
Sentiment gauge bearish
Market sentiment was bearish. Of the 4,402 shares traded on the BSE on Tuesday, 3,503 shares saw a decline, 780 rose, while 119 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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