The Indian stock market is poised for a flat-to-positive opening on Tuesday, as global equities strengthened overnight on optimism around US–China relations and a powerful rally in US technology stocks.
Here are the eight major cues that will drive today’s trade:
1. Gift Nifty indicates a muted start
Gift Nifty traded near 25,984, showing a 12-point discount to the Nifty futures' previous close. This points to a flat opening for Indian benchmarks after Monday’s selloff.
2. Asian markets open higher
Asian equities tracked Wall Street’s strong close.
Nikkei 225: +0.70%
Topix: +0.70%
Kospi: +1.57%
Kosdaq: +1.7%
Hang Seng futures: hinting at a positive start
The uptrend signals improving global risk sentiment.
3. Wall Street rallies; Nasdaq leads the charge
US markets surged on rising expectations of a December Fed rate cut.
Dow Jones: +0.44%
S&P 500: +1.55%
Nasdaq: +2.69%
A tech-led rebound powered the gains, boosting sentiment across global markets.
4. Big Tech posts strong overnight gains
The Nasdaq rally was driven by heavyweights:
Tesla: +6.82%
Alphabet: +6.28%
AMD: +5.53%
Meta: +3.16%
Amazon: +2.53%
Apple: +1.63%
Nvidia: +2.05%
The tech risk-on mood is supportive for Indian IT stocks at the open.
5. Trump–Xi talks improve global risk appetite
Sentiment improved after US President Donald Trump and China’s Xi Jinping held a positive call.
Trump called relations “extremely strong.”
Trump accepted Xi’s invitation to visit Beijing in April.
Xi was invited for a state visit to the US next year.
Better US–China ties reduce geopolitical risk—a plus for global equities.
6. US Federal Reserve signals December rate cut
Fed Governor Christopher Waller said he supports a rate cut in December, adding the Fed may shift to a “meeting-by-meeting” approach from January.
A potential rate cut boosts liquidity and risk assets globally.
7. Gold prices steady after strong rally
Gold cooled slightly after a 2% surge:
Spot Gold: $4,132.20/oz (-0.2%)
US Gold Futures: +0.7% at $4,049.50
The stability suggests investors remain cautious but optimistic.
8. Crude oil prices slip
Oil extended losses on demand concerns:
Brent: $63.26 (-0.17%)
WTI: $58.77 (-0.12%)
Lower crude prices are supportive for India’s inflation outlook.
Recap: Indian markets on Monday
Indian benchmarks ended lower:
Sensex: 84,900.71 (-331 points, -0.39%)
Nifty 50: 25,959.50 (-108.65 points, -0.42%)
Profit booking dragged the market below key psychological levels.
