US stocks advanced after President Trump suggested that the proposed 100% tariffs on Chinese goods could be reconsidered, easing trade tensions. The Dow Jones rose 0.6%, S&P 500 gained 0.5%, and Nasdaq 0.4%, supported by strong financial-sector earnings. Analysts said renewed optimism over trade talks and improved credit sentiment among banks helped stabilize investor confidence. Market strategists expect volatility to remain low ahead of further policy announcements and earnings guidance from large-cap tech firms.

Indian stock exchanges NSE and BSE will remain closed on October 21 for Lakshmi Puja and October 22 for Balipratipada. Market participants expect renewed buying momentum when trading resumes on October 23, supported by festive inflows and positive Q2 earnings. Analysts view 25,150 on Nifty as immediate support and 26,000 as next upside target. Historically, post-Diwali sessions have recorded strong returns driven by retail participation and optimism around the financial new year.