Indian equity markets opened marginally higher on Tuesday, with the BSE Sensex rising 126 points to open at 75,441, while the Nifty 50 began trading 25 points higher at 23,675.
Domestic markets opened on a positive note amid easing crude oil prices and supportive signals from global markets. In early trade, the Sensex moved above the 75,000 mark, while the Nifty opened in positive territory.
According to experts, a temporary easing in international tensions and a mixed but stable trend across Asian markets provided initial support to Indian equities.
At the opening of trade, the BSE Sensex gained around 126 points to 75,441, while the NSE Nifty 50 traded nearly 25 points higher at 23,675. On Monday, markets witnessed sharp volatility, with the Sensex falling more than 1,000 points at one stage before recovering significantly in the final trading hours as buying returned in the IT and pharmaceutical sectors.
Globally, investor sentiment was supported by reports that the United States had postponed potential military action against Iran for the time being. The development reduced tensions in international markets and contributed to a decline in crude oil prices. Analysts said easing geopolitical tensions typically support investor confidence in emerging markets, including India.
Asian equity markets traded mixed on Tuesday. Japan’s Nikkei 225 index rose about 0.68%, while the Topix index gained more than 1%. Australia’s ASX 200 also traded higher, while South Korea’s Kospi remained under pressure. The performance across Asian markets indicated investors continued to monitor global economic and political developments closely.
US equity markets closed lower on Monday, with the Nasdaq Composite declining amid weakness in technology stocks. The Dow Jones and S&P 500 also ended with limited losses. The decline reflected investor caution over interest rates, inflation, and global tensions.
Crude oil prices declined marginally on Tuesday following reports that the United States had deferred potential action against Iran, easing supply concerns. WTI crude fell around 1% to trade near $107 per barrel, while Brent crude traded lower at around $109 per barrel. Prices, however, remained elevated.
