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Indian stock markets are poised for a period of consolidation on Tuesday after a sharp rally in the previous session
Sensex Today
Sensex Today: Indian stock markets are poised for a period of consolidation on Tuesday after a sharp rally in the previous session, fueled by easing geopolitical tensions and encouraging global developments. A ceasefire agreement between India and Pakistan and progress on the US-China trade deal, which includes mutual tariff reductions, boosted investor sentiment on Monday.
The BSE Sensex surged 2,975.43 points (3.7%) to close at 82,429.90, while the Nifty50 ended 916.7 points (3.8%) higher at 24,924.7.
Today, investors are expected to tread cautiously, with global market trends and renewed foreign institutional investor (FII) interest likely to guide sentiment. All eyes will also be on the retail inflation data for April, scheduled to be released later today.
At 6:38 AM, GIFT Nifty futures were trading at 24,915.5, indicating a gap-down start of around 128.6 points compared to Nifty futures’ previous close.
Global Cues
Overnight, Wall Street closed significantly higher following the positive outcome of the US-China trade negotiations. The Dow Jones Industrial Average rose 2.81% to 42,410.10, the S&P 500 jumped 3.26% to 5,844.19, and the Nasdaq Composite climbed 4.35% to 18,708.34.
Asian markets followed suit on Tuesday. Japan’s Nikkei 225 was up 1.76%, South Korea’s Kospi edged higher by 0.02%, and Australia’s S&P/ASX 200 gained 0.58%, all tracking Wall Street’s momentum.
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