First Trade: Indices rally for 7th session, Nifty at 23,751, Sensex adds 375 pts.

Indian equities tracking improved sentiment globally and easing tariff-related woes opened higher for the seventh day. At the open, the Sensex traded higher by 0.48 per cent or 375.25 points at 78,359.63, while the Nifty gained 0.39 percent or 92.75 points at 23,751.1.

Sectoral gains

IT and Realty led the gains, with the IT pack posting recovery amid lesser aggressive tariff measures by the US President.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments said, "The 5.6% rally in the Nifty from the recent lows has been driven by a combination of factors like FIIs turning buyers (Rs 13765 crores in the last three days), the consequent short-covering and improving macros of the Indian economy. The surge in mid and smallcaps has brought the retail investors aggressively back into the market. Even though the market momentum favours the bulls there is no fundamental support to take the market much higher from the present levels, particularly when President Trump’s Damocles sword of reciprocal tariff is hanging over the head of markets."

The market is buoyed by hopes of softer tariffs from Trump's administration, with FIIs buying Rs 3,056 crores. Nifty’s technicals indicate bullish consolidation with key resistance at 24,500. Cummins India, Tech Mahindra, and Hindustan Copper are stocks to watch for potential gains on early declines, notes 

Prashanth Tapse, Senior VP (Research), Mehta Equities

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Asian markets

Most Asian markets rose in Tuesday's trade as US President Trump is seen to become less severe in his tariff-related moves. Hong Kong's Hang Seng, however, saw a sharp beating, and was down 2 per cent.

Broader Asian markets mirroring Wall Street gains also traded higher. Japan's Nikkei, meanwhile, was among the best performing Asian market, rising over 0.6 per cent.