Indian benchmark indices, Sensex and Nifty 50, are likely to open flat on Tuesday, taking cues from firm global market sentiment. Asian stocks traded higher, mirroring overnight gains in the US markets where technology shares led a strong rally.
On Monday, domestic markets ended lower due to profit booking across sectors, with the Nifty 50 slipping below the 26,000 mark. The Sensex fell 331.21 points, or 0.39%, to 84,900.71, while the Nifty declined 108.65 points, or 0.42%, to 25,959.50.
Siddhartha Khemka of Motilal Oswal noted that, with no major domestic data releases until GDP numbers arrive on Friday, market sentiment may stay cautious, especially as investors await developments on India–US trade discussions and watch volatile foreign flows.
Across Asia, indices advanced, with Japan’s Nikkei 225 and Topix up 0.70%, South Korea’s Kospi gaining 1.57% and Kosdaq rising 1.7%. Gift Nifty traded near 25,984, signalling a muted start.
On Wall Street, expectations of a December Fed rate cut pushed the Dow, S&P 500, and Nasdaq sharply higher, supported by significant tech-stock gains. Meanwhile, crude oil prices softened, with Brent at $63.26 and WTI at $58.77.
