- The Indian stock market is expected to open cautiously on Tuesday, following mixed signals from global peers.
- Asian markets are trading mostly higher, while US stocks ended mixed, with the Dow Jones Industrial Average ending an eight-day winning streak.
- On Monday, the Indian stock market indices ended higher due to late buying, with the Sensex gaining 111.66 points, or 0.15%, to close at 72,776.13, and the Nifty 50 settling 48.85 points, or 0.22%, higher at 22,104.05.
Indian stock market indices are expected to open cautiously on Tuesday, following mixed signals from global peers. Asian markets are trading mostly higher, while US stocks ended mixed.
Asian Markets
Asian markets traded mostly higher as investors assessed inflation data from India and Japan. Japan’s Nikkei 225 rose 0.7%, while the Topix gained 0.6%. South Korea’s Kospi added 0.18%, and the Kosdaq gained 5%. Hong Kong’s Hang Seng index futures indicate a positive opening.
Indian Market Today
On Monday, the Indian stock market indices ended the volatile session higher led by fag-end buying. The Sensex gained 111.66 points, or 0.15%, to close at 72,776.13, while the Nifty 50 settled 48.85 points, or 0.22%, higher at 22,104.05. The positive takeaway was that Nifty ended above the psychological 22,100 mark, aided by sluggish WTI oil prices and investors reinforcing bets for Federal Reserve’s September interest rate cuts.
Wall Street
The US stock market ended mixed on Monday as investors awaited key inflation readings and earnings later this week. The Dow Jones Industrial Average fell 81.33 points, or 0.21%, to 39,431.51, while the S&P 500 eased 1.26 points, or 0.02%, to 5,221.42. The Nasdaq Composite ended 47.37 points, or 0.29%, higher at 16,388.24.
India Inflation
India’s headline retail inflation eased marginally in April as the Consumer Price Index (CPI) inflation came down to 4.83% from a 10-month low of 4.85% in March.
Conclusion
The Indian stock market is expected to open cautiously on Tuesday, following mixed signals from global peers. Asian markets are trading mostly higher, while US stocks ended mixed. On Monday, the Indian stock market indices ended higher due to late buying. Investors are expected to keep a close eye on inflation data and other key economic indicators in the coming days.
