Indian benchmark indices, Sensex and Nifty 50, will possible open greater on Tuesday as in a single day world markets traded within the inexperienced after the SCO Summit in Tianjin, whilst tariff uncertainty continued to weigh on sentiment.
Asian markets opened largely greater on 2 September, whereas the US inventory market stayed shut for Labour Day.
Furthermore, on Monday, Sensex and Nifty 50 snapped a three-day dropping streak and closed with robust beneficial properties, supported by broad-based shopping for throughout sectors.
Home Market Recap
On Monday, Indian indices closed within the inexperienced:
- Sensex gained by 555 factors (0.7%) to shut at 80,364.49
- Nifty 50 moved up by 198 factors (0.81%) to settle at 24,625.05
Reward Nifty
Reward Nifty was buying and selling close to 24,759, round 30 factors greater than the earlier Nifty futures shut, hinting at a optimistic begin for Indian markets.
Wall Road Efficiency
The US inventory market was closed on 1 September on account of the Labour Day public vacation.
Crude Oil Costs
Oil costs rose on Tuesday as heightened Russia-Ukraine tensions fueled considerations about potential provide disruptions.
- Brent crude gained by 0.59% to $68.55/barrel
- US West Texas Intermediate (WTI) crude was buying and selling 1.64% greater at $65.06/barrel
In a single day Main International Occasions Driving Sentiment
- SCO Summit 2025: Prime Minister Narendra Modi and Russian President Vladimir Putin held a 50-minute dialog in Putin’s AURUS limousine on Monday, the place each leaders mentioned the peaceable decision of the Ukraine battle. “We exchanged views on regional and world developments, together with the peaceable decision of the battle in Ukraine,” PM Modi posted on X after the assembly. Calling the interplay “glorious,” PM Modi stated they explored alternatives to strengthen bilateral cooperation in commerce, fertilisers, house, safety, and tradition in the course of the SCO Summit sidelines.
- Trump on Tariffs: US President Donald Trump on Monday blasted commerce relations with India as “a totally one-sided catastrophe!” within the aftermath of PM Modi’s China go to for the SCO Summit. Trump claimed India had provided to chop tariffs to zero however argued that the transfer was lengthy overdue, remarking, “It’s getting late… they need to have performed this years in the past,” with out clarifying when the supply was made.
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