**Indian Markets Bounce Back: Value Buying in Reliance and HDFC Bank Leads the Charge**
After a three-day losing streak, Indian markets made a comeback on Tuesday, driven by value buying in two of the country’s largest companies, Reliance and HDFC Bank. This rebound was a welcome respite for investors, who have been navigating a cautious market sentiment dominated by foreign portfolio investor (FPI) outflows and uncertainty surrounding the US trade deal.
**Cautious Sentiment Persists Despite Rebound**
Despite the positive momentum, market participants remain cautious, with FPI outflows continuing to weigh on investor sentiment. The ongoing uncertainty surrounding the US trade deal has added to the nervousness, making investors hesitant to take bold bets. As a result, the market is likely to remain volatile in the short term, with investors closely monitoring global developments.
**Sector-Wise Performance: Metals and Pharma Shine**
Most sectors ended the day in the green, with metals and pharma leading the charge. The metal sector, in particular, has been a standout performer in recent times, driven by improved demand and supply-side dynamics. The pharma sector, meanwhile, has been benefiting from a combination of strong earnings and a weakening rupee.
**Market Outlook: What’s Next?**
As the market looks ahead, investors will be closely watching the trajectory of FPI flows and the outcome of the US trade deal. Any positive developments on these fronts could provide a significant boost to market sentiment, while negative news could lead to a reversal of Tuesday’s gains. In the meantime, value buying in large-cap stocks like Reliance and HDFC Bank is likely to continue, providing support to the market.
**Key Takeaways**
* Indian markets rebounded on Tuesday, ending a three-day losing streak
* Value buying in Reliance and HDFC Bank drove the market higher
* Cautious sentiment persists due to FPI outflows and US trade deal uncertainty
* Metals and pharma sectors were the top performers on Tuesday
