Synopsis : Indian markets opened higher on Tuesday with Sensex up 200 points and Nifty crossing 24,800, driven by IT sector gains. Meanwhile, gold futures touched a record high as investors bet on a U.S. rate cut.
The Indian stock market opened on a positive note on Tuesday, with Sensex climbing over 200 points and the Nifty holding firm above 24,800, tracking strength in Asian equities. Investor sentiment was boosted by rising expectations of a U.S. Federal Reserve rate cut this month, which improved risk appetite.
The Nifty IT index led the rally, posting robust gains, while auto, consumer durables, and mid-small cap indices slipped marginally. Most other sectors traded flat to mildly positive, indicating selective buying across segments.
Adding to the global narrative, gold futures hit an all-time high, reflecting investors’ shift toward safe-haven assets amid lingering global uncertainties and policy speculation.
Global Market Updates:
S&P 500 futures: up 0.1% (12:37 p.m. Tokyo time)
Japan’s Topix: flat
Australia’s S&P/ASX 200: down 0.6%
Hong Kong’s Hang Seng: up 0.8%
Shanghai Composite: down 0.3%
Euro Stoxx 50 futures: down 0.1%
With IT stocks driving domestic momentum and gold prices surging globally, markets are expected to stay volatile as traders watch U.S. policy signals and global commodity movements.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors should seek professional consultation before making investment or trading decisions.
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