GIFT Nifty futures were trading at 26,334 at 7:08 AM, indicating a flat start for Indian benchmark indices on Tuesday. Investors will closely monitor Fed Chair Jerome Powell’s speech, global market trends, and activity in the primary market.
Domestic Market Snapshot
On Monday, the markets retreated slightly after touching fresh record highs earlier in the session.
Sensex fell 64.77 points (0.08%) to close at 85,641.9.
Nifty50 slipped 27.2 points (0.1%) to 26,175.75.
Earlier, the Sensex hit an all-time high of 86,159, while the Nifty touched 26,325.8.
Global Markets
Asian markets opened mostly higher, supported by strong movements in South Korea.
Hyundai Motor and Kia surged nearly 5% and 3% respectively after the US confirmed that reduced 15% auto tariffs would apply retroactively from November 1. This boosted the Kospi, which gained 1.02%.
South Korea’s November inflation rose 2.4% YoY, while core inflation stayed at 2%, supporting the Bank of Korea’s decision to keep interest rates steady at 2.5%.
Japan’s Nikkei 225 opened 0.54% higher, even as 10-year JGB yields climbed to 1.88%, the highest since 2008.
Australia’s ASX 200 inched up 0.12%.
Sentiment across the region remained cautious following a crypto-driven sell-off on Wall Street. Bitcoin dropped about 6%, pulling down crypto-linked stocks such as Coinbase and Strategy, while AI majors Broadcom and Super Micro Computer also saw profit booking.
US Market Overnight
S&P 500: ↓ 0.53%
Nasdaq Composite: ↓ 0.38%
Dow Jones: ↓ 0.9%
Primary Market Activity
Two SME IPOs open for subscription today:
Neochem Bio IPO
Helloji Holidays IPO
Several others enter Day 2 of bidding:
Ravelcare, Clear Secured Services, Speb Adhesives,
Invicta Diagnostic, Astron Multigrain
The following issues also remain active in the market:
Purple Wave, Logiciel Solutions, Exato Technologies.
