The Sensex and Nifty 50 are likely to open higher on Tuesday as upbeat overnight global cues and optimism surrounding US-China trade talks lift investor sentiment.

Asian markets advanced, while US stocks closed flat overnight as investors remained cautious ahead of the trade negotiations between the two countries.

However, on Monday, the Indian stock market extended its winning streak for a fourth straight session, driven by broad-based buying and largely positive global signals.

Domestic Market Recap

On Monday, Indian indices closed in the green:

• Sensex gained 256.22 points (0.31%) to close at 82,445.21
• Nifty 50 moved up by 100.15 points (0.40%) to settle at 25,103.20

Gift Nifty

Gift Nifty was trading near 25,245, around 63 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Wall Street Performance

The US stock market closed slightly higher on Monday as investors closely tracked the ongoing US-China trade negotiations aimed at resolving their tariff dispute. The Dow Jones Industrial Average closed flat at 42,761.76, while the S&P 500 inched up 0.09% to 6,005.88. The Nasdaq gained 0.31%, finishing at 19,591.24.

Crude Oil Prices

• Brent crude gained by 0.13% to $67.13/barrel
• US West Texas Intermediate (WTI) crude: 0.17% to $65.40/barrel

Gold Prices

• Spot gold sumped by 0.2% to $3,322.07/oz 
• US gold futures down by 0.4% to $3,341.90

Overnight Major Global Events Driving Sentiment

1. US-China Trade Talks: Top US and Chinese officials resumed their trade negotiations for a second day in London on Tuesday, aiming to resolve differences over export controls, according to Reuters. Monday’s discussions took place at Lancaster House, focusing on points of contention surrounding the Geneva deal. US President Donald Trump expressed optimism, saying his team was “doing well” and highlighted encouraging updates from the talks.
2. Dollar Movement: The US dollar weakened against most major currencies on Monday. The dollar index, which tracks the greenback against six major peers, slipped 0.2% to 98.942. It fell 0.2% versus the Japanese yen to 144.55. Meanwhile, China’s offshore yuan remained stable at 7.18 per dollar. The British pound rose 0.3% to $1.362, and the euro gained 0.3% to reach $1.1427.

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