Sensex, Nifty 50 Start Session on Positive Note, Vedanta, HCL Tech in Focus
Indian Stock Market Expected to Open Higher on Cautious Optimism
The Indian stock market is anticipated to open higher on Tuesday, following mixed cues from global markets. The trends on Gift Nifty indicate a positive start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 24,393 levels, a premium of nearly 62 points from the Nifty futures' previous close.
Globally, Asian markets traded higher amid hopes of peace talks between the US and Iran. In contrast, the US stock market ended marginally lower. The development comes as US Vice President JD Vance is set to travel to Pakistan on Tuesday for Iran talks, as reported. Tehran's own negotiators received a last-minute green light from Iran's supreme leader to attend the talks, according to Axios.
Global Markets React to US-Iran Peace Talks
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Market | Previous Close | Current Close | Change |
|---|---|---|---|
| Brent Futures | $95.10 | $95.04 | -0.46% |
| US WTI Crude | $89.20 | $88.40 | -1.35% |
Crude oil prices fell on expectations that US-Iran peace talks will take place this week. Brent futures dropped 0.46% to $95.04 a barrel, while US West Texas Intermediate (WTI) crude futures for May declined 1.35% to $88.40.
Precious Metals Market Report
Gold prices were largely steady after dropping to a one-week low in the last session. Spot gold price remained unchanged at $4,820.84 per ounce, while US gold futures for June delivery rose 0.3% to $4,841.2. Spot silver price fell 0.1% to $79.82 per ounce.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
The Indian stock market is expected to open higher on Tuesday, driven by cautious optimism over the US-Iran peace talks.
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