Global stocks also edged higher, and the US dollar strengthened slightly on Tuesday.
Indian Stock Markets Extend Gains Amid Global Optimism; Investors Await US-China Trade Talks Outcome
The Indian stock market indices continued their upward trend on Tuesday morning, ANI reported. However, the report noted that market participants appear to be in a “wait and watch” mode ahead of the ongoing US-China trade talks in London.
Global stocks also edged higher, and the US dollar strengthened slightly on Tuesday.
The Nifty 50 index opened at 25,196.05, rising by 92.85 points or 0.37 per cent, while the BSE Sensex opened higher by 198.52 points or 0.24 per cent at 82,643.73.
Market experts attributed the gains to strong buying in rate-sensitive sectors, particularly financial stocks, and noted that key technical indicators point to a potential further rally in the coming sessions.
Among broader indices, Nifty Next 50 opened with gains, while Nifty Midcap and Nifty Smallcap advanced 0.39 per cent and 0.5 per cent, respectively, in early trade.
Experts expect Indian markets to remain positive in the short term, with investor focus centered on the outcome of the high-level US-China trade discussions.
Following the positive sentiment in Asia, EUROSTOXX 50 futures and FTSE futures each inched up around 0.1 per cent, while Nasdaq and S&P 500 futures in the US also signaled a higher opening, according to a Reuters report.
The US-China trade talks entered their second day on Tuesday.
Asian stocks saw gains, with MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rising 0.7 per cent, reaching its highest level since January 2022.
(For more news apart from Indian Stock Markets Extend Gains Amid Global Optimism; Investors Await US-China Trade Talks Outcome, stay tuned to Rozana Spokesman)
