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Indian shares look set to open higher on Tuesday following strong gains in global markets<\/span>. <\/p>\n The upside, however, may remain limited ahead of the U.S. Federal Reserve’s policy decision on Wednesday.<\/p>\n Fed officials are expected to hold rates steady and investors would focus on the updated economic projections and Chair Jerome Powell’s press conference for clues on the path ahead.<\/p>\n Traders are also likely to follow the latest geopolitical developments and assess their impact on asset prices. <\/p>\n The Kremlin confirmed that Russian President Vladimir Putin would talk to the U.S. President Donald Trump by phone on Tuesday.<\/p>\n Elsewhere, Israel carried out airstrikes in the Gaza Strip, southern Lebanon and southern Syria on Monday, killing at least 10 people.<\/p>\n Benchmark indexes Sensex and Nifty rose around half a percent each on Monday while the rupee gained 24 paise to close at 86.81agaisnt the U.S. dollar. <\/p>\n Foreign institutional investors (FIIs) offloaded shares worth Rs 4,488 crore on a net basis Monday, while domestic institutional investors (DIIs) were net buyers of shares to the extent of Rs 6,000 crore, as per provisional data.<\/p>\n For the year so far, FIIs have been net sellers of shares worth Rs 1.68 lakh crore, while DIIs have net bought Rs 1.83 lakh crore worth of shares.<\/p>\n Asian markets were mostly higher this morning, buoyed by renewed optimism over China’s economy<\/span> and data showing a moderate rebound in U.S. retail sales in February.<\/p>\n The dollar index was steady while the yield on 10-year U.S. Treasuries was little changed after slipping one basis point to 4.30 percent on Monday. <\/p>\n Gold edged up slightly and held above the $3,000 level mark. Oil edged higher for a third straight session, with the outlook for China’s economy and geopolitical risk in the Middle East remaining in focus. <\/p>\n U.S. stocks rose for a second straight session on Monday after Treasury Secretary Scott Bessent said he is “not worried” about the recent market downturn.<\/p>\n Overall gains were limited due to weak economic data and trade uncertainties. Retail sales rose less than expected in February and saw downward revisions for January.<\/p>\n Factory activity in New York State plummeted the most in nearly two years in March and homebuilder sentiment dropped to a seven-month low in March, adding to concerns about the economic outlook. <\/p>\n A model utilized by the Federal Reserve Bank of Atlanta projected a -2.1 percent contraction in Q1 2025, down from the March 7 estimate of a 1.6 percent contraction.<\/p>\n The Dow gained 0.9 percent, the S&P 500 rose 0.6 percent and the tech-heavy Nasdaq Composite edged up by 0.3 percent. <\/p>\n European stocks closed higher on Monday after China said it would take measures to revive consumption in the world’s second-largest economy. <\/p>\n The pan European STOXX 600 surged 0.8 percent. The German DAX climbed 0.7 percent while France’s CAC 40 and the U.K.’s FTSE 100 both rose by 0.6 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n