Morning Surge: Equity Indices Scale New Highs

India's stock indices, BSE Sensex and Nifty50, continued their upward trajectory on Tuesday, mirroring the global market rally. The Sensex crossed the 75,000 mark, fueled by buying in key sectors.

At 10:54 AM, the Sensex stood at 75,060.67, a rise of over 380 points, while the Nifty50 gained 122 points to 22,765.45. Strong earnings reports and positive macroeconomic data fueled the market's optimism.

Market Outlook: Continued Positive Momentum

Analysts expect the positive trend to continue, driven by healthy earnings reports and favorable economic indicators.

"We anticipate Nifty to maintain its upward trajectory, supported by a robust earnings season and encouraging macro data," said Siddhartha Khemka, Head of Retail Research at Motilal Oswal.

Technical Analysis: Nifty Poised for Further Gains

Technical analysis by Nagaraj Shetti of HDFC Securities indicates a resumption of Nifty's uptrend. The next resistance levels are around 22,800-22,900, with immediate support at 22,500.

Global Market Update: Stocks Extend Gains

US stocks closed higher on Monday, led by strong performances from Tesla and Apple. Investors await the upcoming Federal Reserve meeting, which will shed light on interest rate decisions. Asian markets followed suit, with Japan's Topix and Australia's S&P/ASX 200 gaining ground.

Commodities and Forex

Oil prices dipped on Tuesday, influenced by ceasefire talks between Israel and Hamas and concerns about US interest rate hikes. The Indian rupee weakened slightly against the US dollar.

F&O Ban: Vodafone Idea, Biocon Restricted

Vodafone Idea and Biocon are among the stocks currently in the F&O ban period. Foreign portfolio investors were net buyers on Monday, while domestic institutional investors remained active buyers.

Upcoming Earnings: IOC, Adani Group in Focus

Several companies, including IOC, Adani Energy, and Adani Total Gas, will announce their fourth-quarter earnings on Wednesday. These results will provide valuable insights into the performance of key sectors and the overall economic landscape.

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