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The movement in benchmark indices, Nifty and Sensex, is expected to remain cautious on Tuesday
Sensex Today (Source: Freepik)
Sensex Today: Stock markets opened on a volatile note today, tracking developments in the ongoing Iran-Israel tensions in West Asia. However, a drop in global oil prices—down as much as 1.6 per cent overnight—could offer some support to investor sentiment through the session.
At open, the BSE Sensex was trading at 81,704, down 92 points or 0.11 per cent, while the Nifty50 hovered at 24,944, lower by 2.5 points or 0.01 per cent.
In the broader market space, both the Nifty MidCap and Nifty SmallCap indices posted modest gains, rising 0.08 per cent each.
Global Cues
Across the Asia-Pacific region, markets largely moved higher as geopolitical concerns eased slightly. Reports indicated that Tehran may be open to diplomatic negotiations, raising hopes of a de-escalation in the Israel-Iran conflict. This optimism supported regional sentiment. Japan’s Nikkei gained 0.35%, while the broader Topix was flat with a slight positive tilt. South Korea’s Kospi surged 1.40%, and Australia’s ASX 200 hovered near the flat line.
Meanwhile, investors are closely watching the Bank of Japan, which is expected to maintain its key interest rate at 0.5% amid global trade headwinds. The central bank is scheduled to wrap up its two-day policy meeting later in the day.
On Wall Street, markets posted strong gains overnight. Optimism around a possible diplomatic breakthrough in the Middle East conflict drove the rally. The Dow Jones advanced 0.75%, the S&P 500 climbed 0.94%, and the Nasdaq Composite jumped 1.52%. However, during early Asian hours, US stock futures edged lower as geopolitical risks remained a concern.
Overall, Indian markets may open lower but will likely take cues from global developments and policy signals from central banks.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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