Is market sentiment turning cautious amid global and trade concerns?

India’s stock markets are going through a dull and uncertain phase as investors struggle to find positive triggers. According to market experts, weak global cues, rising geopolitical tensions and delays around the US–India trade deal are weighing heavily on sentiment.

Prashanth Tapse of Mehta Equities, summed up the mood by saying, “It feels like Santa has brought the colour red to the markets this time, when everyone was expecting green.” He added that the absence of positive events is clearly impacting investor confidence.

Tapse pointed out that ongoing geopolitical issues and trade-related delays have made investors cautious. “Indian investors prefer to sit on the sidelines for now and watch how the market momentum shapes up. Overall sentiment remains negative,” he said, adding that market activity looks largely muted at present.

On commodities, Tapse advised caution despite strong fundamentals. “Demand for gold and silver is high while supply is limited, which has created a sharp upside gap,” he noted.

He also said pre-Budget expectations are driving interest in select sectors. “Railway and defence stocks are seeing action due to hopes of higher budget allocations,” Tapse added.

(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)