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Indian equity benchmarks are expected to open on a muted note on Tuesday despite upbeat global cues and active primary market activity. Around 8 AM, GIFT Nifty futures were quoting 8 points lower at 25,156, hinting at a flat start for the session.

On Monday, the BSE Sensex had closed at 81,785.74, down 118.96 points or 0.15 per cent, while the NSE Nifty50 settled at 25,069.20, lower by 44.8 points or 0.18 per cent.

Asian equities were largely positive in early trade. Japan’s Nikkei surged past the 45,000 mark for the first time, while Topix rose 0.36 per cent to a record high. Kospi gained 0.82 per cent and Australia’s ASX 200 added 0.23 per cent.

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The rally followed US President Donald Trump’s statement that trade talks with China in Spain were progressing, alongside a framework deal on TikTok divestment announced by US Treasury Secretary Scott Bessent. Trump and President Xi Jinping are expected to review the agreement on Friday.

On Wall Street overnight, the S&P 500 advanced 0.5 per cent to close above 6,600 for the first time at 6,615.28. The Nasdaq Composite jumped 0.9 per cent to a record 22,348.75, while the Dow Jones Industrial Average edged up 49.23 points to 45,883.45.

Euro Pratik IPO (Mainline) opens for subscription today. TechD Cybersecurity IPO (SME) enters Day 2, while L T Elevator IPO (SME) moves into Day 3.

Taurian MPS, Karbonsteel Engineering, Nilachal Carbo Metalicks and Krupalu Metals IPOs (all SME) will debut on the bourses, while allotment for Airfloa Rail Technology IPO (SME) is due today.

Oil prices edged higher on Monday after Ukrainian drone strikes disrupted Russian refinery operations and President Trump warned of possible sanctions on NATO members buying Russian oil. Brent crude rose 0.67 per cent to $67.44 a barrel, and WTI gained 0.97 per cent to $63.30.

Gold prices hit a fresh record high, buoyed by a softer dollar and lower Treasury yields ahead of the US Federal Reserve’s meeting. Spot gold climbed 1.1 per cent to $3,680.80 per ounce after touching an all-time high of $3,685.39, while US gold futures for December delivery advanced 0.8 per cent to $3,719.00.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.