The Indian stock market may see a quiet start today as global signals remain mixed. The Gift Nifty was trading near 24,821, about 17 points lower than the Nifty futures’ previous close, hinting at a flat or weak opening for Sensex and Nifty.
On Tuesday, Indian markets ended on a positive note due to last-minute buying. The Sensex rose 446.93 points to 81,337.95, while the Nifty 50 closed 140.20 points higher at 24,821.10. Analysts believe today’s trend will depend on company results, global cues, and updates on the India-US trade deal.
Key Global Market Updates:
1. Asian Markets
Asian stock markets showed mixed results. Japan’s Nikkei fell 0.17%, while South Korea’s Kospi gained 0.53%. Hong Kong’s Hang Seng futures signaled a weaker start.
2. US Markets
Wall Street ended lower due to weak corporate results and caution before the US Federal Reserve policy update. The Dow fell 204 points, Nasdaq dropped 80 points, and S&P 500 slipped 18 points.
3. Major Stocks Drop
United Parcel Service shares fell 10.6%, Whirlpool declined 13.4%, UnitedHealth dropped 7.5%, Boeing was down 4.4%, and Merck slipped 1.7%.
4. US-China Trade Talks
Officials from the US and China held two days of talks in Stockholm. They agreed to seek an extension of their 90-day tariff truce, but no major progress was announced.
5. Trump’s Tariff Warning
US President Donald Trump hinted at imposing tariffs up to 25% on Indian goods. However, he said the final decision is still pending.
6. Gold Prices
Gold remained steady ahead of the Fed’s policy update. Spot gold was at $3,329.19 per ounce, and US gold futures were slightly up.
7. Dollar Movement
The US dollar index stayed strong at 98.815. The euro and British pound showed slight gains, while the Japanese yen also strengthened a bit.
8. Crude Oil Prices
Oil prices remained firm. Brent crude was at $72.60 per barrel after rising 3.5% earlier. WTI crude stayed flat at $69.20.
These factors may shape today’s trading mood in Indian markets.
