Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 53.50 points or 0.23 percent. The Nifty futures were trading around 23,578.50 level.
The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.
The Dow Jones Industrial Average fell 55.39 points, or 0.13%, to 43,389.60, the S&P 500 gained 23.00 points, or 0.39%, to 5,893.62 and the Nasdaq Composite gained 111.69 points, or 0.60%, to 18,791.81.
#1 Mixed close on Wall Street; Dow clocks 3-day losing streak
#2 European markets close slightly lower as investors await slew of economic data
#3 Asian markets rise ahead of Chinese investment summit
#4 GIFT Nifty signals a flat to positive start
#5 USD index eases 0.5 percent to 106.20
#6 US 10-year yield flat ahead of US economic data
#7 Gold surges on softer dollar, renewed Russia-Ukraine tensions
#8 Oil prices rise over 3 percent on Sverdrup outage, Ukraine war escalation
#9 Bitcoin back above USD 91,000
#10 Tesla rallies on report Trump’s team is planning federal self-driving vehicle regulations
The Nifty extended its decline to a seventh straight session, its longest losing streak since February 2023, as IT and energy stocks faced sharp sell-offs. The Sensex also endured a volatile day, fluctuating by 900 points.
Market sentiment remained subdued, weighed down by worries over a potential slowdown in US Fed rate cuts, underwhelming Q2 earnings, sustained foreign outflows, and elevated valuations, leaving investors on edge.
At close, the Sensex was down 241 points or 0.3 percent at 77,339, and the Nifty was down 79 points at 23,454.