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Sensex Today: Indian equity markets are poised to respond to several key developments that unfolded since Friday evening
Stock Market Today
Sensex Today: Indian equity markets are poised to respond to several key developments that unfolded since Friday evening. The biggest relief for investors came on Saturday, when India and Pakistan jointly announced a halt to ongoing military operations—an announcement that calmed market nerves after days of heightened tensions. Adding to the positive global mood, the U.S. and China reported “substantial progress” in their trade negotiations held in Geneva over the weekend, boosting sentiment worldwide.
On Friday, the Nifty had ended just above the 24,000 mark, showing resilience despite geopolitical concerns. The upbeat signals from U.S.-China trade talks have now driven up U.S. futures, pushed oil prices higher, and led to a decline in gold prices—indicating a shift to risk-on sentiment globally.
Domestically, corporate earnings remain in focus. Stocks like Swiggy, Dr. Reddy’s Laboratories, and Manappuram are likely to react to their quarterly results announced post-market hours on Friday and during the weekend. Tata Steel is among the major names scheduled to report results today. Market watchers can expect stock-specific action as earnings season continues.
Global Cues
Investor optimism was visible in global markets early Monday. Australia’s S&P/ASX 200 index hit its highest level in over two months, rising 0.5% to 8,269.60, following similar gains on Friday. The upbeat momentum was supported by hopes of a breakthrough in U.S.-China trade relations.
Asian markets opened strong, following the lead of U.S. equity futures and a positive close on Wall Street. As of 9:51 a.m. Tokyo time, S&P 500 futures were up 1.4%. Japan’s Topix gained 0.3%, and Australia’s S&P/ASX 200 climbed 0.5%. Euro Stoxx 50 futures also rose 0.8%, pointing to a robust start in Europe.
Wall Street closed higher on Friday, snapping a multi-day losing streak. The S&P 500 gained 1.26%, the Dow Jones Industrial Average rose 1.18%, and the Nasdaq Composite jumped 1.99%, driven by strong tech earnings and softening U.S. jobs data—raising hopes of a potential rate cut later in the year.
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