Domestic equity benchmark indices, Sensex and Nifty 50, may open lower on Tuesday as overnight global market sentiment remains mixed.
Asian markets traded in the red, while Wall Street ended mixed on Monday, with investors closely watching trade negotiations and awaiting the outcome of the US Federal Reserve’s policy meeting.
The US central bank is widely expected to maintain current interest rates, despite President Donald Trump intensifying pressure on Fed Chair Jerome Powell to lower borrowing costs.
However, on Monday, Indian equities extended their losing streak, closing sharply lower as heavy selling by foreign portfolio investors (FPIs) and uncertainty around India–US trade talks weighed on market sentiment.
Domestic Market Recap
On Monday, Indian indices closed in the red:
- Sensex slumped by 572.07 points (0.70%) to close at 80,891.02
- Nifty 50 moved down by 156.10 points (0.63%) to settle at 24,680.90
Gift Nifty
Gift Nifty was trading near 24,675, around 35 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.
Overnight Wall Street Performance
The US stock market closed mixed on Monday, with the S&P 500 hitting a record high for the sixth consecutive session, as investors assessed the implications of the US–EU trade agreement.
- Dow Jones Industrial Average slumped by 64.36 points (0.14%) to close at 44,837.56.
- S&P 500 up by 1.13 points (0.02%), ending at 6,389.77.
- The Nasdaq Composite was trading higher by 70.27 points (0.33%), finishing at 21,178.58.
Gold Prices
Gold prices declined as worries over a global tariff war subsided and the US dollar strengthened.
- Spot gold was trading down by 0.2% at $3,308.39/oz
- US gold futures slumped by 0.1% at $3,306.20
Crude Oil Prices
Crude oil prices continued to rise, driven by optimism over stronger economic activity following the US–EU trade agreement and a possible US–China tariff truce.
- Brent crude surged by 0.09% to $70.10/barrel
- US West Texas Intermediate (WTI) crude: 0.06% to $66.75/barrel
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