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Stock Market Highlights: Sensex broke its 5-day losing run to close marginally higher on Tuesday while the Nifty ended a tad lower, as gains in heavyweight financial and auto stocks offset losses in metals, with lingering global uncertainty over U.S. tariffs keeping a cap on gains.

The Indian rupee logged its worst day in three weeks on Tuesday, weighed down by weakness in regional peers, importer hedging and dollar demand related to the expiry of non-deliverable forward contracts.

European shares were flat on Tuesday as defence stocks climbed, offsetting declines in technology stocks that came on the back of worries over an intensifying U.S.-China technology war.

India s soon-to-be-launched bond forwards could see strong demand from insurers as these instruments offer the option of taking delivery of underlying securities at the end of a contract, bankers and investors said on Tuesday.

Pi Coin, with its innovative mobile mining model and strong community backing, has gained attention, but its investment potential remains uncertain as 2025 approaches. Experts highlight challenges such as its transition to an open market, regulatory hurdles, and lack of full blockchain integration. Unlike established altcoins like Solana, Dogecoin, and Cardano, Pi Coin s market value remains untested, raising concerns about liquidity and usability.

Nifty 50 has dropped 14% from its peak due to weak earnings, foreign outflows, and global trade concerns. InCred Equities lowered its target to 22,850 by March 2026, citing earnings downgrades, market volatility, and cautious FII sentiment despite sectoral resilience.

​Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently near to 10-year average level and hence I feel that we might see more consolidation at this level, but major downside is now over.

Goldman Sachs raised Bharti Airtel’s target price to Rs 1,780, citing strong growth, while maintaining a “sell” on Vodafone Idea (Rs 2.40) and Indus Towers (Rs 330) due to financial and operational concerns. Bharti sees 9.2% upside, while Vodafone Idea faces a 70% downside risk amid weak subscriber growth and high capex.

Market sentiment remains negative, but domestic inflows continue, especially in small-cap funds. Shenoy advises rebalancing portfolios, favoring financials, autos, and telecom. He urges caution in IT due to AI and tariff risks. Small and mid-cap stocks like Kaynes and Pennar offer opportunities. Investors should stay disciplined, focusing on strong fundamentals and long-term themes.

The market is undergoing a painful adjustment phase. Portfolios are shifting from expensive momentum stocks to value-driven stocks. This shift is causing pressure on mid and smallcap companies. Despite this, some quality midcap companies in sectors like hotel and tourism, EV space, housing finance, and engineering R&D are appearing as good buying opportunities.