The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open slightly higher on Tuesday, supported by strong overnight global market cues despite lingering uncertainty surrounding the US–Iran peace talks.

Asian markets traded mostly higher, while the US stock market rallied overnight, with the Dow Jones Industrial Average closing at a record high.

However, on Monday, the Indian stock market closed lower as investors booked profits and rising crude oil prices, triggered by fresh military strikes between the US and Iran, weighed on market sentiment.

Domestic Market Recap

On Monday, Indian indices ended green:

• Sensex slumped by 372.10 points (0.48%) to close at 76,72837.
• Nifty 50 moved down by 109.75 points (0.46%) to settle at 23,946.25

Gift Nifty

Gift Nifty was trading near 24,011, around 38 points higher than the previous Nifty futures close, hinting at a muted start for Indian markets.

Overnight Wall Street Performance

The US stock market ended sharply higher on Monday, with the Dow Jones closing at a record high as a strong rally in major technology stocks lifted investor sentiment. Broad-based buying in large-cap tech shares helped drive gains across Wall Street, pushing the benchmark indices higher.

• The Dow Jones Industrial Average surged by 306.63 points (0.59%) to close at 52,182.74.
• S&P 500 was up by 86.41 points (1.18%), ending at 7.440.43.
• The Nasdaq Composite was higher by 522.53 points (2.07%), finishing at 25,820.14.

Crude Oil Prices

• Brent crude slumped by 1.03% to $72.40/barrel
• US West Texas Intermediate (WTI) crude was trading 0.83% lower at $70.16/barrel

Overnight Major Global Events Driving Sentiment

1. India IIP Growth: India’s industrial output, measured by the Index of Industrial Production (IIP), expanded 5.1% year-on-year in May, driven primarily by stronger manufacturing activity. The growth rate improved from 4.9% recorded in April, indicating sustained momentum in the industrial sector.
2. HDFC Bank Appoints New Chairman and CFO: HDFC Bank’s board approved the appointment of Rajiv Kumar as Part-Time Chairman and Additional Independent Director for a four-year term, effective June 30, 2026. The board also appointed Puneet Sharma as the bank’s Chief Financial Officer (CFO), effective December 1, 2026.
3. US–Iran Talks: Iran denied reports suggesting that it had scheduled negotiations with the United States in the coming days. Meanwhile, the White House announced that US Special Envoy Steve Witkoff and Senior Adviser Jared Kushner will travel to Doha on Tuesday to hold discussions with Iranian officials, keeping diplomatic efforts alive.
4. Japan Factory Output: Japan’s industrial production increased 0.5% month-on-month in May, marking the second consecutive month of growth. However, the expansion fell short of economists’ median forecast of a 1.1% increase, pointing to a slower-than-expected recovery in factory activity.

Ready to invest like a pro? Tradz by EquityPandit app equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz by EquityPandit app and gain access to daily stock lists and insightful market analysis and much more!