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Sensex Today: India’s benchmark indices — Sensex and Nifty50 — are expected to open on a cautious note on Wednesday
Sensex Today (Source: Freepik)
Sensex Today: India’s benchmark indices — Sensex and Nifty50 — are expected to open on a cautious note on Wednesday, as investors weigh a host of domestic and global factors. These include industrial and manufacturing production data for April, ongoing Q4 earnings releases, continued domestic institutional investor (DII) inflows, and international developments such as US President Donald Trump’s decision to delay tariffs on the European Union.
As of 6:35 AM, GIFT Nifty futures were trading 5 points lower at 24,858, indicating a flat to mildly negative start for the broader markets.
Global Cues
Asian markets opened higher, tracking strong overnight gains on Wall Street. The positive sentiment was buoyed by Trump’s move to postpone the imposition of a 50% tariff on EU imports until July 9 — a decision that helped ease global trade tensions.
Last checked, Nikkei rose 0.69 per cent, while the broader Topix index gained 0.47 per cent. Kospi climbed 1.42 per cent, ASX 200 edged up 0.4 per cent.
Investors will be closely watching out for Australia’s upcoming consumer price index report, along with the Reserve Bank of New Zealand’s scheduled monetary policy statement.
Meanwhile, US futures were little changed ahead of key earnings from Nvidia and the release of minutes from the Federal Reserve’s May policy meeting, both expected Wednesday afternoon US time.
Overnight in the US, all three major indexes closed firmly higher. The Dow Jones jumped 1.78 per cent. The S&P 500 advanced 2.05 per cent, and the Nasdaq Composite surged 2.47 per cent, with tech stocks like Tesla posting strong gains. The rally snapped a four-day losing streak for the Dow and S&P 500.
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