Indian benchmark indices Sensex and Nifty are likely to see a strong opening on July 22, tracking cues from GIFT Nifty was trading around 25,184 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Benchmark equity indices snapped a two-day fall with Nifty closing above 25,000 in a volatile session on July 21 that saw leadership from auto, realty, metal, and private banks.
The Nifty 50 initially slipped below 24,900 for the first time since June 23; however, it recovered smartly to trade higher early on and ended near day's high.
At close, the Sensex was up 442.61 points or 0.54 percent at 82,200.34, and the Nifty was up 122.30 points or 0.49 percent at 25,090.70.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 25,184, indicating a strong start for the day.
Asian Equities (Up)
Asian stocks posted a modest gain with Japanese markets staging a relief rally after Prime Minister
Shigeru Ishiba said he would carry on as leader even after the ruling coalition lost its majority in the upper house election.
US Equities (Mixed)
The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.
The S&P 500 climbed 0.14% to end the session at 6,305.60 points.
The Nasdaq gained 0.38% to 20,974.18 points, while the Dow Jones Industrial Average declined 0.04% to 44,323.07 points.
US Bond Yield (Down)
The yield on 10-year Treasuries and 2-year Treasuries were down marginally in the early Tuesday trade.
Dollar Index (Up)
The dollar traded in a tight range on Tuesday after a brief fall at the start of the week, as investors watched out for any progress on trade talks ahead of an August 1 deadline for countries to strike deals with the U.S. or face steep tariffs.
Asian currencies (Mixed)
Asian currencies were trading mixed, with Indonesian Rupiah leading the losers, followed by Thai Baht, Japanese Yen, South Korean Won, and Singapore Dollar, while Philippines Peso, Taiwan Dollar, China Renminbi, and Malaysian Ringgit were trading higher.
Crude (Down)
Oil prices edged down on Tuesday as concerns about the brewing trade war between major crude consumers, the U.S. and the European Union, will curb fuel demand growth by lowering economic activity weighed on investor sentiment.
Gold (Flat)
Gold held near its highest in a month, as risk-off sentiment returned among investors watching the
progress of trade negotiations ahead of US President Donald Trump’s Aug. 1 tariff deadline.
Fund Flow Action
On July 21, the Foreign institutional investors (FIIs) sold equities worth Rs 1,681 crore, while Domestic institutional investors (DIIs) continued their buying on the 11th day as they bought equities worth Rs 3,578 crore on the same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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