The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note Tuesday, following mixed cues from global markets. According to reports from Livemint, Gift Nifty was trading around 23,674 level, a premium of nearly 16 points from the Nifty futures' previous close, indicating a flat start for the Indian stock market indices.
On Monday, the Indian stock market ended flat with a positive bias, staging a smart rebound from the day's lows, amid buying in select heavyweights. As reported by Livemint, the Sensex closed 77.05 points, or 0.10%, higher at 75,315.04, while the Nifty 50 settled 6.45 points, or 0.03%, higher at 23,649.95. Market analysts continue to recommend a stock-specific approach with focus on sectors like pharma, healthcare, energy, and metals for long opportunities.
Asian markets traded mixed as oil prices fell on hopes of easing US-Iran war. According to Livemint, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.22%, while Japan's Nikkei 225 gained 0.68% and the Topix rallied 1.16%. South Korea's Kospi declined 1.06% and the Kosdaq was flat, with Hong Kong Hang Seng index futures indicating a lower opening. However, latest developments show oil prices have surged to $107 per barrel amid escalating US-Iran tensions.
The US stock market ended mixed on Monday as investors took some profits in technology stocks. As reported by Livemint, the Dow Jones Industrial Average rose 159.95 points, or 0.32%, to 49,686.12, while the S&P 500 fell 5.45 points, or 0.07%, to 7,403.05. The Nasdaq Composite closed 134.41 points, or 0.51%, lower at 26,090.73. Notable stock movements included Nvidia declining 1.33%, Microsoft rising 0.38%, and Tesla falling 2.90%. Latest reports indicate the Nasdaq 100 has dropped over 1% amid ongoing market volatility.
US President Donald Trump said he had paused a planned attack against Iran after Tehran sent a peace proposal to Washington, with a 'very good chance' of reaching a deal limiting Iran's nuclear program. According to Livemint, crude oil prices fell more than 2% after Trump's announcement, with Brent futures for July delivery falling 2.25% to $109.58 a barrel and US West Texas Intermediate crude for June delivery declining 0.98% to $107.60. However, oil prices have since surged to $107 per barrel as US-Iran tensions have escalated, creating significant volatility in energy markets. Additionally, petrol and diesel prices were increased by 90 paise per litre on Tuesday, with petrol now costing ₹98.64 a litre and diesel at ₹91.58 a litre.
