Sensex Today: Indian benchmark indices are set for a positive start on Tuesday, building on gains supported by comments from US Ambassador Sergio Gor that India and the United States will resume trade
discussions today, and amid strong global market cues. At 8:28 am, GIFT Nifty futures were up 38 points at 25,918, indicating a firm opening.
Global Cues
Asian markets were trading in the green as investors looked past geopolitical tensions in Iran and Venezuela, as well as the criminal investigation into US Federal Reserve Chair Jerome Powell. Mainland China’s CSI 300 gained 0.54 per cent, Hong Kong’s Hang Seng advanced 1.32 per cent, and South Korea’s KOSPI rose 1.04 per cent.
Japan’s Nikkei surged 3.22 per cent amid reports that the ruling Liberal Democratic Party may dissolve the Lower House this month for a snap election in February.
On Wall Street, the S&P 500 and the Dow Jones closed at fresh record highs overnight. The S&P 500 edged up 0.16 per cent, the Dow gained 0.17 per cent, and the Nasdaq climbed 0.26 per cent. Investors are now awaiting the US Consumer Price Index (CPI) for December, scheduled for release later today.
Separately, US President Donald Trump stated on Monday evening that any country doing business with Iran will face a 25 per cent US tariff.
