**Indian Markets Rise on Strong Earnings, Despite Global Caution**
**Strong Earnings from HDFC Bank and ICICI Bank Lead the Way**
The Indian markets ended the day on a high note on Monday, driven by impressive earnings reports from two of the country’s largest private banks, HDFC Bank and ICICI Bank. This positive news helped boost investor sentiment and pushed the markets upwards.
**Reliance’s Weakness Caps Gains**
However, the gains were capped by weakness in Reliance, one of India’s largest conglomerates. Despite the strong earnings reports, the markets were unable to reach new heights due to Reliance’s underperformance.
**Global Markets Remain Cautious Amid Trade Uncertainties**
Global markets remained cautious on Monday, as trade tensions continued to cast a shadow over investor sentiment. With ongoing trade negotiations between major economies, investors are exercising caution, leading to a wait-and-watch approach.
**Nifty Holds Key Support, Stock-Specific Action Drives Turnover and Volumes**
Despite the global caution, the Nifty index held its key support levels, indicating a strong underlying trend. The market action was driven by stock-specific news, leading to higher turnover and volumes. This suggests that investors are focusing on individual company performances rather than making broad market bets.
Overall, the Indian markets showed resilience on Monday, driven by strong earnings reports from key banks. While global trade uncertainties continue to weigh on investor sentiment, the markets are holding steady, with stock-specific action driving trading activity.
