The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.
The Nifty Put-Call-Ratio (PCR) stands near 0.71, indicating a cautious-to-negative undertone in the market, says Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities.
After Monday's rise, the Nifty fell 86 points on Tuesday to close at 24,032. It opened 69 points lower and extended its losses by another 170 points during the first half of the session
India Inc's Q4FY26 earnings have largely met expectations, supported by steady demand trends. However, rising commodity prices and geopolitical risks could pressure margins in coming quarters.
Is "Sell in May" relevant for India? Analysts say no as earnings strength, valuations, and April's rally support staying invested despite high crude oil prices and Iran war risks
Data has shown that on falling market days, retail investors were net buyers, and on rising days, they were net sellers. So, the idea that they are always disadvantaged is a misnomer, Kumar said.
Brokerages have cut Nifty targets by around 4% per cent since February 28 as Iran war keeps oil prices high, raising inflation, GDP, and earnings concerns for Indian stock markets
Vinay Rajani of HDFC Securities recommends 'Buy' on Jubilant FoodWorks and Pidilite shares today. Check target prices, support, resistance, and growth outlook for April 22 trades
Indian markets have rebounded in April, with Nifty50 rising nearly 3 per cent this month. Analysts, however, say sentiment remains cautious. Here's why it's not yet a broad-based buy-on-dips phase
Analysts at Axis Securities pin hopes on US tariff relief, revival in private capex, improving business confidence and rural recovery as potential positive triggers for the market recovery.
Muthuselvaraj, technical analyst at Mirae Asset Sharekhan believes that the overall chart structure for Nifty remains bullish as long as the index holds above 21,750 levels.
