The Indian stock market is expected to open higher on Tuesday, buoyed by strong global cues. Both Sensex and Nifty 50 are likely to extend their winning streak from Monday, when banking stocks led the rally and helped the Nifty reclaim the 25,000 mark.
On Monday, the Sensex surged 442.61 points (0.54%) to close at 82,200.34, while the Nifty 50 climbed 122.30 points (0.49%) to finish at 25,090.70.
Religare Broking’s Ajit Mishra noted that markets are currently in a tug-of-war between bulls and bears, with corporate earnings being the key driver for direction. He advised investors to focus on risk management amid high volatility.
Global market cues impacting Indian equities today:
Asian markets saw gains on Tuesday after Wall Street’s strong overnight performance. Japan’s Nikkei rose 1.1%, Topix added 0.96%, Kospi gained 0.1%, and Kosdaq climbed 0.7%. Hang Seng futures also pointed to a stronger start.
Gift Nifty traded near 25,183, a 55-point premium over Nifty futures’ previous close, indicating a positive opening for Indian equities.
Wall Street ended largely higher on Monday ahead of tariff talks, with the Nasdaq and S&P 500 hitting record highs. The S&P 500 rose 0.14% to 6,305.68, Nasdaq added 0.38% to 20,974.18, while the Dow Jones slipped 0.04% to 44,323.53.
Among key stocks, Alphabet jumped 2.7%, Apple rose 0.62%, Amazon gained 1.43%, while Tesla and Nvidia declined marginally. Verizon rallied over 4%.
India-US Trade Deal: A US trade delegation will visit India in August for the next round of talks. The fifth round was recently held in Washington.
Core sector growth in India slowed to 1.7% in June 2025 from 5% a year ago. However, it improved slightly from May’s 1.2%.
Jane Street update: SEBI allowed the US-based trading firm to resume operations after it deposited ₹4,840 crore in an escrow account. However, it was instructed to avoid any unfair trade practices.
US dollar & Treasury yields: The dollar traded flat after falling on Monday. The dollar index stood at 97.94. Treasury yields dropped, with the 10-year yield down to 4.384%, 30-year to 4.9491%, and 2-year at 3.863%.
Gold prices rose to their highest in over a month, supported by a weaker dollar and falling yields. Spot gold was steady at $3,390.73/oz, while US futures held at $3,404.20/oz.
Crude oil prices slipped on fears of reduced demand amid escalating trade tensions between the US and EU. Brent fell to $68.97/barrel and WTI to $66.99/barrel.