Indian stock market benchmarks Sensex and Nifty 50 are expected to open flat on Tuesday, mirroring mixed global cues. Asian markets traded with a mixed bias, while US indices closed sharply higher overnight, led by the Nasdaq, which recorded its strongest one-day gain since May 27.
On Monday, domestic markets ended lower amid renewed concerns over global trade and tariff tensions. The Sensex slipped 173.77 points (0.21%) to 82,327.05, while the Nifty 50 declined 58 points (0.23%) to 25,227.35. Siddhartha Khemka of Motilal Oswal Financial Services said markets may remain range-bound in the short term as investors track Q2 earnings and evolving tariff issues. Institutional inflows and strong domestic fundamentals may cushion volatility, though global trade uncertainty could weigh on sentiment.
Gift Nifty traded near 25,312, suggesting a muted start. On Wall Street, optimism returned after President Donald Trump’s conciliatory remarks on US-China trade tensions. The Dow Jones rose 1.29%, S&P 500 gained 1.56%, and Nasdaq surged 2.21%. Meanwhile, Trump signed a Gaza Peace Deal, ending the hostage crisis. HCL Tech reported a 10.2% QoQ rise in profit to ₹4,236 crore. Crude oil prices firmed, with Brent at $63.59 and WTI at $59.78 per barrel.