Mumbai, June 2: Indian equity markets ended higher on Tuesday, supported by strong buying in information technology (IT) stocks, while investors closely monitored developments surrounding the proposed India-US trade agreement.
The benchmark indices recovered from early volatility to close in positive territory, with gains in frontline IT companies helping offset weakness in select sectors. Market participants remained optimistic amid expectations of progress in bilateral trade discussions between India and the United States.
Analysts said renewed interest in technology stocks, coupled with positive global cues, provided support to investor sentiment during the session. The sector benefited from expectations of stable demand and improving business outlooks in key international markets.
Meanwhile, investors also kept a close watch on ongoing India-US trade negotiations, which are expected to address issues related to market access, tariffs, investment flows, and broader economic cooperation. Any positive outcome from the talks is seen as a potential catalyst for trade and investment activity.
Despite global uncertainties and geopolitical concerns, domestic markets demonstrated resilience, reflecting confidence in India’s economic fundamentals and growth prospects.
Market experts believe that future market direction will continue to be influenced by global developments, corporate earnings trends, and progress in key policy and trade discussions.