Domestic markets are expected to open on a weak note on Tuesday after previous day’s broad-based rally. Gift Nifty at 24,960 signals a flattish opening with downward bias.
Hariprasad K, Founder – Livelong Wealth, said the Indian market is likely to open on a flat and muted note on Tuesday, after posting strong gains at the start of the week. On Monday, the Nifty briefly crossed the 25,000 mark intraday but failed to sustain above it, reinforcing that this remains a crucial resistance level for any sustained upside. The index ended at 24,876.95, closing above its 9-day exponential moving average (9-EMA), which helps maintain near-term momentum.
Monday’s rally was led by autos and consumer durables, with names like Maruti, Ashok Leyland and TVS Motor touching fresh highs. “The market is now watching to see if these sectors can extend their momentum or if profit booking sets in. Fundamentally, sentiment remains supported by the government’s push for GST reforms, which are expected to drive consumption in the medium term, even as concerns about US tariffs linger in the background,” he said.
Volatility remained subdued, with the India VIX easing to 12.34, down 0.12 per cent. This indicates that broader sentiment has not reflected any significant anxiety, amid hopes of geopolitical tension between Russia and Ukraine may subside following talks. The Ukrainian President Volodymyr Zelenskiy said security guarantees for his nation could be finalised within 10 days following talks with US President Donald Trump and European leaders. Trump later said he had spoken with Russian President Vladimir Putin and was working to arrange meetings with Zelenskiy, aiming to hold a trilateral summit.
However, US equities were muted overnight ahead of the Federal Reserve’s Jackson Hole summit later this week
Meanwhile, Asian markets are trading lower in early deal on Tuesday.
Published on August 19, 2025
