Sensex Today: GIFT Nifty futures signalled a positive opening for Indian equity benchmarks on Tuesday despite mixed global cues. At 8:10 am, GIFT Nifty futures were trading 60 points higher at 26,391,
indicating a favourable start for the markets.
On the macro front, investors are awaiting the final HCOB services and composite PMI data from the Euro area, along with the S&P Global services and composite PMI readings from the UK. In the US, total vehicle sales data for December will be in focus, while domestic investors will track the final HSBC services and composite PMI numbers.
Global Cues
Asia-Pacific markets traded mixed on Tuesday after a historic rally in global equities, with investors assessing the implications of the US military strike on Venezuela and the subsequent capture of its ousted leader, Nicolás Maduro. Japan’s Nikkei 225 advanced 1.12 percent, while South Korea’s Kospi slipped 0.85 percent and Australia’s ASX/S&P 200 fell 0.42 percent. US equity futures were largely steady during early Asian trading hours.
Overnight on Wall Street, major US indices ended higher, shrugging off concerns over escalating geopolitical tensions following the US action. The S&P 500 rose 0.64 percent and the Nasdaq Composite gained 0.69 percent, supported by higher crude oil prices and investor optimism that the intervention would not trigger a broader global conflict.
The Dow Jones Industrial Average, which touched a fresh all-time high during the session, eventually closed with a strong gain of 1.23 percent.
