Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following weak global market cues.
Asian markets traded lower, while the US stock market ended mixed overnight, with the Nasdaq posting its record close.
On Tuesday, the Indian stock market indices ended with decent gains, snapping their four-day losing streak.
The Sensex rose 317.45 points, or 0.39%, to close at 82,570.91, while the Nifty 50 settled 113.50 points, or 0.45%, higher at 25,195.80.
“All eyes are on the India-US trade deal as a dedicated team from India’s Commerce Ministry has reached Washington for negotiations. Overall, we expect the market to continue its consolidation in the near term; with stock-specific movements driven by Q1FY26 earnings outcomes and guidance from the management,” said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Here are key global market cues for Sensex today:
Asian Markets
Asian markets traded lower after US inflation data made investors less hopeful about interest rate cuts by the Federal Reserve.
Japan’s Nikkei 225 fell 0.2%, while the Topix declined 0.11%. South Korea’s Kospi declined 0.8% and the Kosdaq dropped 0.56% lower. Hong Kong’s Hang Seng index futures indicated a stronger opening.
Gift Nifty Today
Gift Nifty was trading around 25,174 level, a discount of nearly 91 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
Wall Street
US stock market ended mixed on Tuesday, with the Nasdaq Composite closing at record high.
The Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, while the S&P 500 declined 24.80 points, or 0.40%, to 6,243.76. The Nasdaq Composite closed 37.47 points, or 0.18%, higher at 20,677.80.