Indian equity markets extended their gains for a second consecutive trading session on Tuesday, supported by firm global cues and improved investor sentiment. Domestic benchmark indices opened higher, with the BSE Sensex moving above the key 76,000 level and the NSE Nifty trading firmly in early deals.
Analysts said easing global geopolitical tensions, stable crude oil prices and positive investor sentiment ahead of upcoming policy meetings by major central banks were supporting the Indian market.
In early trade, the 30-share BSE Sensex opened higher by 262 points at 76,526. The NSE Nifty rose 70 points to 23,924 at the opening. Buying interest was seen in banking, financial services, information technology and automobile stocks. Investors said the resilience of the domestic economy and a reduction in global risks could continue to support Indian equities.
Recent indications of easing geopolitical tensions at the international level have strengthened global investor sentiment. Reports of reduced tensions between the United States and Iran contributed to a more stable environment across global financial markets. However, investors remain focused on upcoming interest rate decisions by major central banks worldwide.
Potential changes in interest rates could influence global capital flows and the performance of emerging markets. Indian markets remain sensitive to these global developments, making central bank policy decisions an important factor in the coming days.
Asian equity markets delivered a mixed performance on Tuesday. Japan’s stock market traded within a limited range as investors remained cautious amid focus on monetary policy and interest rates. South Korean equities recorded b gains, while Hong Kong markets witnessed limited weakness.
The mixed performance across Asian markets reflected a cautious investment approach as market participants assessed economic data, inflation trends and the future policy direction of central banks.
US equity markets posted b gains in the previous trading session, providing support to global markets. Major US indices advanced, reinforcing investor confidence. However, US futures traded within a narrow range as investors awaited upcoming economic data and central bank policy signals.
The direction of US markets continues to serve as an important indicator for global investors and remains influential for Indian markets and other emerging economies.
