The Indian benchmark indices, Sensex and the Nifty, showed a significant surge on Tuesday, following the positive performance of Asian stock markets and the rise in Wall Street shares. Sensex soared by 600 points, and Nifty was hovering around the 21,700 level, with IT and realty shares leading the gains.
Asian stock markets displayed signs of resilience, as most indices recorded gains, reflecting a tech-driven surge on Wall Street. The global investor community is awaiting the US inflation data, which holds significance in influencing the Federal Reserve’s decision on interest rate adjustments.
In the commodity markets, oil experienced the most significant drop in about a month, indicating signs of a weaker physical market, including a deep pricing cut by OPEC leader Saudi Arabia. Conversely, gold prices picked up from a three-week low on Tuesday, supported by a pullback in the dollar.
Despite gains in Asian peers and a rally in Wall Street, the Indian markets were likely to open on a flat note on Tuesday. Gift Nifty was trading just 4 points higher, suggesting a muted start for the benchmark Nifty. Investors are keeping a close eye on key cues before the market opens, as the market dynamics continue to evolve.
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In anticipation of the market opening, investors are reminded to stay informed through reliable sources and maintain watchlists to track market developments. The Mint app offers access to premium stories, along with the opportunity to save bookmarks on the website for a personalized investment experience.
As the market dynamics continue to evolve, it is essential for investors to stay abreast of the latest updates and insights to make informed investment decisions.
