Markets rally as BJP wins Haryana; Nifty crosses 25,000, metal stocks drag

The domestic equity market bounced back sharply on Tuesday, ending a six-day losing streak. The positive sentiment was driven by the BJP's strong performance in Haryana's state elections, defying exit poll predictions. The Nifty50 surged past the 25,000 mark, with media, auto, and pharma stocks leading the rally. However, metal stocks struggled, weighed down by China's roadmap lacking significant stimulus measures, alongside falling iron ore prices pressuring steelmakers. Despite the election boost, markets remain focused on global economic challenges and the Q2 earnings season for longer-term direction.