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U.S. stocks surged, with the Nasdaq hitting a record high, fueled by tech gains, particularly Apple's 13.3% weekly jump after Trump announced a $600 billion U.S. investment commitment. Rate cut optimism, spurred by weak economic data and Trump's Fed nominee, further boosted markets.
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Mayuresh Joshi from Marketsmith India suggests that despite global challenges like Trump's tariffs, Indian markets are responding maturely. He emphasizes the strength of domestic flows and the importance of long-term systematic investments. Joshi is optimistic about consumption-driven sectors, financials, and agrochemicals, while remaining cautious on IT due to global competition and the need for reinvention.
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The Nifty indices show resilience despite global challenges. Markets have matured, displaying buying interest near support zones. Shivangi Sarda of Motilal Oswal Financial Services highlights Titan as a preferred pick, anticipating festive season volume growth. NTPC requires caution, while Cummins India demonstrates strong positive momentum.
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