The domestic equity benchmarks, Sensex and Nifty 50, are expected to start Tuesday’s session on a flat note, following mixed trends in global markets. Investors are closely watching the outcome of US President Donald Trump’s meeting with European leaders on ending the Russia-Ukraine war.
Asian markets showed a mixed trend, while US markets closed largely unchanged overnight. On Monday, Indian indices posted strong gains, supported by Prime Minister Modi’s GST reform announcement, S&P Global’s upgrade of India’s credit rating, and optimism around a potential resolution to the Ukraine conflict.
- Sensex: Closed at 81,273.75, up 676.09 points (+0.84%)
- Nifty 50: Closed at 24,876.95, up 245.65 points (+1.00%)
Global Cues:
- Asian Markets: Nikkei 225 fell 0.4%; Topix flat; Kospi down 0.01%; Kosdaq -0.33%; Hong Kong Hang Seng futures suggest a stronger opening.
- Wall Street: Dow Jones down 0.08%; S&P 500 flat; Nasdaq up 0.03%. Key stock movements included Intel (-3.66%), Dayforce (+26%), SunRun (+11.35%), and First Solar (+9.69%).
Trump-Zelensky Meeting:
Trump met Ukrainian President Volodymyr Zelensky and European leaders at the White House to discuss steps toward ending the Russia-Ukraine war. He confirmed that arrangements are underway for a face-to-face meeting between Putin and Zelensky, with the US providing security guarantees for Ukraine.
Other Key Market Indicators:
- India Unemployment: Fell to 5.2% in July from 5.6% in June; rural unemployment eased to 4.4%, urban rose slightly to 7.2%.
- Dollar: Index up 0.31% to 98.122; Euro $1.1667; Sterling $1.351; Yen 147.835.
- Crude Oil: Brent -0.18% to $66.48/bbl; WTI -0.19% to $63.30/bbl.
- Gold: Spot gold up 0.1% to $3,334.91/oz; US December futures +0.1% to $3,379.40.
Disclaimer: This information is for general purposes only and is not investment advice. Investors should consult certified financial advisors before making any investment decisions.
