The domestic equity benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday, building on the previous session’s gains amid positive overnight global market cues.

Asian markets traded in the green, while US stock indices closed mostly higher overnight, with both the S&P 500 and Nasdaq registering record closing highs.

However, on Monday, Indian stock indices advanced, driven by a strong rally in banking heavyweights, helping the benchmark Nifty 50 reclaim the 25,000 mark.

Domestic Market Recap

On Monday, Indian indices closed in the green:

• Sensex rallied by 442.61 points (0.54%) to close at 82,200.34
• Nifty 50 moved up by 122.30 points (0.49%) to settle at 25,090.70

Gift Nifty

Gift Nifty was trading near 25,183, around 55 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Wall Street Performance

The US stock market closed mostly higher on Monday, as accelerating tariff negotiations between the US and its key trading partners boosted investor sentiment ahead of the 1 August deadline.

• Dow Jones Industrial Average slumped by 18.66 points (0.04%) to close at 44,323.53.
• S&P 500 up by 8.89 points (0.14%), ending at 6,305.68.
• The Nasdaq Composite was trading higher by 78.52 points (0.38%), finishing at 20,974.18.

Gold Prices

Gold prices climbed to their highest level in over a month, driven by a softer US dollar and declining Treasury yields.

• Spot gold was trading flat at $3,390.73/oz 
• US gold futures were trading at $3,404.20

Crude Oil Prices

Crude oil prices declined amid concerns that an escalating trade conflict between the US and the European Union could dampen fuel demand growth.

• Brent crude slumped by 0.35% to $68.97/barrel
• US West Texas Intermediate (WTI) crude: -0.31% to $66.99/barrel

Overnight Major Global Events Driving Sentiment

1. Jane Street Saga: Sebi has permitted US-based high-frequency trading firm Jane Street to resume trading after the company deposited ₹4,840 crore in an escrow account last week. Sebi also instructed Jane Street to stop engaging—either directly or indirectly—in any fraudulent, manipulative, or unfair trade practices.
2. India-US Trade Deal Talks: US trade officials will travel to India in August for the next round of discussions on the proposed bilateral trade deal, according to news agency PTI. The two countries wrapped up the fifth round of negotiations in Washington last week.
3. Core Sector Growth: India’s eight core infrastructure sectors grew by 1.7% in June 2025, slowing down from 5% growth recorded in the same month last year. However, the June expansion slightly exceeded the 1.2% growth seen in May.

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