Domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note and remain volatile on Tuesday amid caution on weak global market cues. Asian markets traded lower, while the US stock market remained mixed. Indian stock markets closed with a decline amid profit booking. The Sensex closed 73.48 points or 0.09 per cent lower at 81,151.27, while the Nifty 50 closed 72.95 points or 0.29 per cent lower at 24,781.10.
Major global signals for today
Asian Market: Asian markets were in a downward trend on Tuesday after a mixed overnight session on Wall Street. Japan’s Nikkei 225 fell 1.34 percent, while Topix lost 1.04 percent. South Korea’s Kospi fell 1.21 percent and Kosdaq fell 2.11 percent.
Gift Nifty: GIFT Nifty was trading around 24,800 levels, a premium of about 10 points from the previous close of Nifty futures, indicating a flat start for the Indian stock market indices.
wall Street: The US stock market closed mixed on Monday. The Dow Jones Industrial Average fell 344.31 points, or 0.80 percent, to 42,931.60, while the S&P 500 fell 10.69 points, or 0.18 percent, to 5,853.98. The Nasdaq Composite added 50.45 points, or 0.27 percent, to close at 18,540.01.
Crude Oil: Crude oil prices declined after rising by about 2 percent in the previous session. Brent crude futures for December delivery fell 0.3 per cent to $74.03 a barrel, while US West Texas Intermediate crude futures for November delivery fell 0.41 per cent to $70.27 a barrel.
Dollar: The US dollar hit a two-and-a-half-month high on Tuesday, boosted by rising Treasury yields. The dollar index was last at 103.96, having touched its highest since Aug. 1 at 104.02 on Monday.
