Indian Stock Market Poised for Cautious Start as Global Markets Show Mixed Signals
Indian Stock Market Today
The Indian stock market is expected to open cautiously on Wednesday, keeping an eye on mixed signals from global markets. While US stocks ended higher overnight, Asian markets showed a more mixed performance.
Sensex and Nifty 50 Performance
On Tuesday, the Indian market closed with a slight positive bias. The Sensex gained 0.09% to close at 80,288.38, and the Nifty 50 rose 0.03% to settle at 24,335.95. Analysts suggest this positive trend could continue, encouraging investors to adopt a ‘buy on dips’ strategy.
Global Market Cues
Asian Markets
Asian markets were trading mixed on Wednesday, awaiting a series of important economic data releases in the region. Japan’s Nikkei 225 gained 0.14%, while the Topix rose 0.5%. However, South Korea’s Kospi fell 0.2% and the Kosdaq declined 0.25%.
Gift Nifty
The Gift Nifty, which is a futures contract on the Nifty 50, was trading around 24,451, indicating a mildly positive start for the Indian market.
Wall Street
The US stock market ended higher on Tuesday, fueled by signs of progress in US President Donald Trump’s tariff negotiations. The Dow Jones Industrial Average rallied 0.75%, the S&P 500 gained 0.58%, and the Nasdaq Composite closed 0.55% higher. Notable movers included Apple, Nvidia, Tesla, General Motors, Honeywell, Sherwin-Williams, and Coca-Cola.
US-India Trade Talks
US Treasury Secretary Scott Bessent stated that the US is “very close” to finalizing a trade deal with India. He emphasized the progress in negotiations, highlighting India’s willingness to address trade concerns. Earlier, he had indicated that India could be among the first countries to sign a bilateral trade agreement with the US to avoid reciprocal tariffs.
Dollar, Treasury Yields, and Crude Oil Prices
The dollar index rose, while US Treasury yields fell for the sixth consecutive day to a three-week low. Crude oil prices dropped due to concerns about global economic growth and fuel demand as a result of Trump’s tariff policies. Gold prices remained relatively stable.
Remember, investing in the stock market carries risks, and it’s essential to conduct thorough research and consider your financial goals before making any investment decisions.
