Benchmark indices Sensex and Nifty are poised for a muted-to-positive start on Tuesday, as indicated by GIFT Nifty trends. At 8:18 AM, GIFT Nifty futures were trading 16 points lower at 25,020, hinting at a flat-to-negative opening for domestic markets.
Markets have extended their recent upward momentum, logging gains for two consecutive sessions. However, today's trade may be influenced by the final batch of Q4 earnings, global cues, and developments around US President Trump’s tariff plans.
In the previous session, benchmark indices witnessed strong intraday gains, with the Sensex rallying nearly 600 points at its peak, before settling around 400 points higher amid profit-booking at elevated levels. Buying interest was seen in auto, IT, and metal stocks, supporting the market upmove.
On Monday, the 30-share benchmark index ended at 82,176.45, up by 455.37 points or 0.56 per cent, while the NSE Nifty50 added 148 points or 0.60 per cent to finish at 25,001.15.
On the global front, Nikkei was down 0.15 per cent, while the broader Topix index was flat. The Kospi slipped 0.32 per cent, pulling back from a three-month high reached on Monday. ASX 200, bucking the trend, rose 0.16 per cent.
US markets were closed on Monday on the account of Memorial Day, but futures surged following Trump’s tariff delay. Futures tied to the Dow Jones Industrial Average rose 1 per cent. S&P 500 futures advanced 1.1 per cent, and Nasdaq 100 futures jumped 1.3 per cent.
Besides, on Friday, US markets ended lower. S&P closed 0.67 per cent lower, Dow Jones was down 0.61 per cent, and Nasdaq slid 1 per cent.
Back home, foreign institutional investors (FIIs) net bought shares worth 135.98 crore. Similarly, domestic institutional investors (DIIs) bought shares worth Rs 1,745.72 crore on May 26.