tock market today outlook: Sensex and Nifty may open higher as Asian markets rebound and oil prices fall after Trump signals Iran war easing. Photos: X.
Stock Market Outlook Today: Asian equities rebounded on Tuesday after the sharp selloff in the previous session, while crude oil prices declined as Donald Trump signaled that the ongoing war with Iran could be approaching its end. The remarks offered global markets a brief respite from the intense selling pressure witnessed earlier.
Early indicators also pointed to a positive start for Indian equities. Trends on GIFT Nifty suggested gains for the broader market, with the index indicating an increase of 409 points, or 1.67%. Nifty futures were trading around the 24,424.50 level, reflecting improved sentiment following supportive global cues.
Indian equity benchmarks ended Monday’s session well off their intraday lows after crude oil prices retreated from earlier highs, easing some pressure on global markets.
The Nifty 50 closed 1.74% lower near the 24,000 mark, while the Sensex finished nearly 1,400 points lower around 77,500 after a volatile session.
The Sensex plunged as much as 2,994 points (3.2%) to an intraday low of 76,424.55.
The Nifty dropped 3.1% to 23,597 before recovering some of the losses.
The BSE Sensex and Nifty 50 are expected to open higher on Tuesday, tracking the improved sentiment in global markets.
However, market structure continues to appear fragile. Analysts note that the bearish chart pattern of lower highs and lower lows remains intact, even as the India VIX surged to a 21-month high.
US markets staged a recovery on Monday after a steep selloff earlier in the day, with stocks climbing in the final hour of trading following Trump’s remarks that the US-Israeli war on Iran could be close to ending.
The Dow Jones Industrial Average rose 239.25 points, or 0.50%, to 47,740.80. The S&P 500 advanced 55.97 points, or 0.83%, to 6,795.99, while the Nasdaq Composite gained 308.27 points, or 1.38%, to 22,695.95.
Oil prices fell sharply after Trump indicated that the conflict with Iran could soon be resolved.
Brent crude slipped below $92 per barrel, while West Texas Intermediate dropped as much as 10%.
Speaking late Monday, Trump said he intends to ease sanctions linked to Iranian oil and direct the US Navy to provide escorts for tankers moving through the Strait of Hormuz.
Gold prices remained largely stable while the US dollar weakened after Trump suggested the Middle East conflict may soon conclude.
Spot gold traded near $5,140 per ounce in early dealings after falling 0.6% in the previous session.
Disclaimer: This content is for informational purposes only and is not financial advice. Always consult a certified financial advisor before making investment decisions.
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
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