Indian stock market: The benchmark indices of the domestic equity market, Sensex, and Nifty 50 are expected to open with a tepid tone on Tuesday, following mixed global market signals.
The sensex closed at 75,996.86 up 57.65, or 0.08%. Meanwhile, the Nifty 50 was 30.25, or 0.13% higher, at 22,959.50.
Here are the key global market signals for Sensex today.
Asian Markets
Asian markets rose on Tuesday as they followed the gains made in European markets. The Nikkei index gained 0.28% while Topix index rose 0.37%, as South Korea’s Kospi index posted slightly positive gains while Kosdaq index experienced its biggest fall ever – by 0.18%! While Hong Kong Hang Seng indicated upward movement.
Give Nifty Today
Gift Nifty traded at around 23,006 levels, which is a discount by nearly 20 points compared to the previous Nifty close. This indicates a negative start in the Indian stock markets.
Wall Street
US Stock markets were closed Monday, February 17th, in honor of President’s Day, 2025.
Xi Jinping Promises Policy Stability
State media reported that China’s president Xi Jinping held a meeting with business leaders from the private sector on Monday. He assured them of his commitment to maintaining policies regarding the sector, while government officials worked to restore an economy that was disrupted by flu pandemic and regulatory crackdowns, along with a real estate crash.
Crude Oil Price
Crude oil prices were stable after rising the previous session on signs that OPEC may delay restarting production. Brent crude fell by 0.03 per cent to $75.20 per barrel while West Texas Intermediate futures increased 0.71% and were at $61.24.
Gold prices
The gold price rose amid concerns about a possible global trade war. Spot gold increased 0.1% to 2,898.99 while US gold futures rose 0.4% to 2,912.60.
US Dollar
The dollar index held steady at 106.76 after falling 1.2% the week prior. Dollar to Japanese Yen exchange rates fell 0.58% to 151.44; euro fell 0.1% to $1.0482 while sterling gained 0.1% at PS1.2596.