Indian stock markets continue to follow the trends of previous session on Wednesday and ended flat in the volatile session, as investor's sentiment impacted by the concerns such as overvaluation, threats of tariff war, and currency depreciation.
The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Indian stock markets declined sharply during the opening session on Tuesday following the strong sell-off in U.S. markets, reacting to the "Trump Uncertainty Discount" that is affecting global supply chains.
After the recent market correction, Nifty's valuations have returned to levels that align with its 5-year and 10-year averages, according to a report by HSBC Mutual Fund.
March has historically been a strong month for market recoveries, with an average gain of 1.7 per cent since 2009 (excluding 2023), says a report by Axis Securities.
Indian stock markets started the fresh week on Monday with moderate gains, as both indices opened in the green; however, a sustained rally was not visible.
In absence of major domestic events next week starting from Monday, the investors in the Indian stock markets will watch trends of foreign sellings, developments around the US tariffs, geopolitical risks, and upcoming Purchasing Managers' Index (PMI) releases.