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U.S. stocks experienced gains for a second consecutive session as investors looked to capitalize on recent declines. Economic reports revealed sluggish retail sales and a significant drop in New York State factory activity. The Federal Reserve is expected to keep rates unchanged. Quantum computing stocks surged, while Tesla stumbled. Volume on U.S. exchanges was 13.86 billion shares.
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Japanese equity benchmarks outperformed with gains topping 1%, while shares in Australia and South Korea also advanced. Futures showed Hong Kongs benchmark may open more than 2% higher on Tuesday. Thats after US stocks climbed for a second day, as industrial and energy shares rallied.
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Analysts predict significant returns for stocks like Tata Motors, Varun Beverages, and Kirloskar Oil Engines with expected upsides up to 72%. Positive factors include valuations, margin expansions, and growth opportunities, while potential risks such as demand slowdown and competitive intensity are considered.
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