Sensex, Nifty Set For Muted Start

RTTNews | 1 일 전
Sensex, Nifty Set For Muted Start

(RTTNews) - Indian shares are seen opening little changed on Tuesday after ending notably higher in the previous session to snap a three-session losing streak.

Trade tensions may keep investors nervous, with U.S. President Donald Trump calling trade ties with India "a totally one-sided disaster!"

"They [India] have now offered to cut their Tariffs to nothing, but it's getting late. They should have done so years ago," Trump wrote on Truth Social without elaborating on when such an offer was made.

Meanwhile, Kremlin foreign policy adviser Yuri Ushakov said that there are no concrete plans for a trilateral meeting between the presidents of Russia, Ukraine and the U.S, contradicting Trump's words about what was agreed at the Alaska meeting.

Benchmark indexes Sensex and Nifty jumped around 0.7 percent and 0.8 percent, respectively on Monday as investors cheered strong Q1 domestic GDP data and welcomed a U.S. federal appeals court ruling against President Trump's tariffs.

However, the rupee fell by 10 paise to close at a record low of 88.19 against the dollar due to trade deal uncertainties with the United States and higher dollar demand from importers.

Foreign investors net sold shares worth Rs 1,430 crore on Monday while domestic institutional investors bought shares to the tune of Rs. 4,345 crore, according to provisional exchange data.

Asian markets were seeing modest gains this morning while the dollar traded weak ahead of upcoming U.S. jobs and inflation data, along with the Federal Reserve's rate decision.

Gold held firm a tad below $3,500 per ounce, extended gains to a sixth day, its longest winning streak since April 2024 on Fed rate-cut bets. Oil extended gains on supply disruption concerns.

U.S. stock markets were closed on Monday for Labour Day.

European markets closed higher on Monday, with defense and healthcare stocks leading the surge.

The pan European STOXX 600 edged up by 0.2 percent. The German DAX climbed 0.6 percent while France's CAC 40 and the U.K.'s FTSE 100 both finished marginally higher.

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