The Indian stock market is set for a promising start as the benchmark indices, Sensex and Nifty 50, are anticipated to open on a positive note on Tuesday. This optimism stems from robust performances in global markets, particularly following a significant upswing in the US stock market, where the Dow Jones surged by a remarkable 1,000 points over two days. Investors are now on the lookout for the upcoming US Federal Reserve policy announcement on Wednesday, which will shed light on the economic landscape amidst ongoing trade tensions and tariffs.
Recent Trends in Indian Stock Market
On Monday, Indian markets experienced a much-needed boost, with both indices gaining approximately 0.5%. The Sensex climbed by 341.04 points, or 0.46%, closing at 74,169.95, breaking a five-day streak of losses. Similarly, the Nifty 50 rose 111.55 points, or 0.5%, finishing at 22,508.75.
- Sensex: Closed at 74,169.95
- Nifty 50: Closed at 22,508.75
- Gains: 341.04 points (Sensex) and 111.55 points (Nifty 50)
Global Market Influences
The rally in Asian markets has been promising, with Japan’s Nikkei 225 soaring by 1.34% and South Korea’s Kospi increasing by 0.76%. These positive trends are indicative of a renewed investor sentiment following gains in the US markets.
- Nikkei 225: +1.34%
- Kospi: +0.76%
- Topix: +1.26%
- Kosdaq: +0.38%
Gift Nifty Forecast
The Gift Nifty index is indicating a gap-up opening for Indian markets, trading around 22,730—about 146 points higher than the previous Nifty futures close. This suggests a strong start for traders and investors alike.
US Market Performance
The US market showed resilience on Monday, marking its second consecutive day of gains. The Dow Jones climbed 353.44 points, or 0.85%, closing at 41,841.63, while the S&P 500 and Nasdaq Composite also reported increases. Notably, shares of Advanced Micro Devices rose by 3.59%, while D-Wave Quantum skyrocketed by 10.15%.
- Dow Jones: Closed at 41,841.63
- S&P 500: Closed at 5,675.12
- Nasdaq Composite: Closed at 17,808.66
Retail Sales Insights
In the US, retail sales saw a modest rebound, rising 0.2% in February after a revised decline of 1.2% in January. Economists had projected a more robust growth of 0.6%, reflecting cautious consumer spending amid inflationary pressures.
Global Political Landscape
In geopolitical news, the Kremlin confirmed a scheduled phone call between Russian President Vladimir Putin and US President Donald Trump to discuss the ongoing conflict in Ukraine. This conversation follows positive interactions between Trump’s envoy and Putin.
Current Events in the Middle East
The Israeli military has intensified operations against Hamas in Gaza, resulting in significant casualties as reported by local medics. This escalation marks one of the most severe rounds of conflict since a ceasefire was established earlier in the year.
Gold Market Update
Gold prices remain steady, hovering around the $3,000 mark. As of now, spot gold is trading at $3,002.28 per ounce, just shy of the record high achieved last week.
- Current Spot Price: $3,002.28/oz
- Record High: $3,004.86/oz
With these dynamics in play, investors are urged to stay vigilant and informed as they navigate the evolving landscape of the stock market and global affairs.
