The Indian stock market’s key indices, Sensex and Nifty 50, are likely to open flat on Tuesday as global markets offer mixed overnight signals.

Most Asian markets traded higher, while US equities closed lower overnight due to rising Treasury yields.

However, on Monday, the Indian market slipped marginally for the second straight session as investors booked profits at higher levels.

Domestic Market Recap

On Monday, Indian indices closed in the red:

• Sensex slumped by 64.77 points (0.08%) to close at 85,641.90
• Nifty 50 moved down by 27.20 points (0.10%) to settle at 26,175.75

Gift Nifty

Gift Nifty was trading near 26,332, around 2 points lower than the previous Nifty futures close, hinting at a lacklustre start for Indian markets.

Overnight Wall Street Performance

The US stock market ended lower on Monday as rising Treasury yields put pressure on equities.

• The Dow Jones Industrial Average slumped by 427.09 points (0.90%) to close at 47,289.33.
• S&P 500 down by 36.46 points (0.53%), ending at 6,812.63.
• The Nasdaq Composite was lower by 89.76 points (0.38%), finishing at 23,275.92

Gold Prices 

Gold prices slipped as investors booked profits after the metal hit a six-week high in the previous session.

• Spot gold was trading 0.2% lower at $4,222.93 per ounce.
• The US gold futures slumped by 0.4% to $4,256.30.

Overnight Major Global Events Driving Sentiment

1. India’s Industrial Data: India’s industrial production growth slowed to a 13-month low of 0.4% in October, according to the latest Index of Industrial Production (IIP) data. In comparison, factory output had risen 3.7% in October 2024.
2. GST Collections: India’s GST collections dropped to a year-low of Rs 1.70 lakh crore in November, increasing only 0.7% YoY due to a lower base. On a month-on-month basis, collections were sharply lower than the Rs 1.96 lakh crore recorded in October 2025.
3. Current Account Deficit: India’s current account deficit (CAD) narrowed to $12.3 billion (1.3% of GDP) in the September quarter, down from $20.8 billion (2.2%) a year earlier. However, it widened compared to $2.4 billion (0.2% of GDP) in the June quarter. For the first half of FY26, the CAD eased to $15 billion (0.8% of GDP), compared to $25.3 billion (1.3%) in the same period last year.
4. US Manufacturing PMI: The US manufacturing sector contracted for the ninth consecutive month in November. The ISM manufacturing PMI slipped to 48.2, down from 48.7 in October.

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