The domestic equity benchmarks, Sensex and Nifty 50, are set to open higher on Wednesday, tracking strong overnight global cues. Asian markets advanced, while Wall Street rallied overnight, with all three major US indices closing at record highs.

However, on Tuesday, the Indian stock market gained ground, led by IT stocks, as the Nifty 50 closed above the 24,800 mark.

Domestic Market Recap

On Tuesday, Indian indices closed in the green:

• Sensex gained by 314.02 points (0.39%) to close at 81,101.32
• Nifty 50 moved up by 95.45 points (0.39%) to settle at 24,868.60

Gift Nifty

Gift Nifty was trading near 25,002, around 52 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Wall Street Performance

The US stock market closed higher on Tuesday, along with all major indices hitting record highs.

• The Dow Jones Industrial Average surged by 196.39 points (0.43%) to close at 45,711.34.
• S&P 500 up by 17.46 points (0.27%), ending at 6,512.61.
• The Nasdaq Composite was trading higher by 80.79 points (0.37%), finishing at 21,879.49.

Crude Oil Prices

Crude oil prices climbed, following Israel’s attack on Hamas leadership in Qatar.

• Brent crude gained by 0.63% to $66.81/barrel
• US West Texas Intermediate (WTI) crude was trading 0.73% higher at $63.09/barrel

Overnight Major Global Events Driving Sentiment

1. Trump Tariffs: Donald Trump urged EU officials to impose tariffs of up to 100% on China and India as part of his strategy to pressure Russian President Vladimir Putin, according to a US official and an EU diplomat.
2. India-US Trade Talks: US President Donald Trump said India and the US are continuing negotiations to resolve trade barriers between the two nations. Posting on Truth Social, Trump added, “I look forward to speaking with my very good friend, Prime Minister Modi, in the coming weeks,” and expressed confidence that both countries would reach a successful agreement.
3. Apple Event 2025: Apple launched the Apple Watch Ultra 3, Apple Watch SE 3, and Apple Watch Series 11 at its “Awe Dropping” event. The company announced the new lineup will be available from September 19 across more than 50 regions, including the US, India, the UK, Japan, the EU, and the UAE.

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