Indian indices started the week on a better note with Sensex closing at 52,950.63, up 363.79, or 0.69%, and therefore The Nifty at 15,885.15, up 122.10 points or 0.77% on Monday. Realty outperformed whereas IT, auto and PSU banks Were top gainers.
Wall Street: US Stocks closed mixed on Wall Street Monday after each day of choppy trading. The S&P 500 closed Lower after being slightly higher for much of the day. The Dow Jones Industrial Average fell 97.31 points whereas the Nasdaq rose.
Stocks initially cheered the announcement on Sunday by US senators of around $1 trillion in proposed infrastructure Stimulus. Those factors helped push the S&P 500 index to a near all-time high on Monday morning, but the indices Ultimately retreated.
Asian markets: Asian stocks were steady early Tuesday after U.S. equities turned lower and Treasury yields retreated on Concerns that the economic recovery from the pandemic is losing momentum, reported Bloomberg. Equities edged Down in Japan and Australia and rose in South Korea .
Oil prices: Oil steadied above $71 a barrel as investors weighed the danger to consumption posed by the spread of the Delta coronavirus variant. West Texas Intermediate was 0.4% higher after slumping 3.6% Monday, the most important loss in fortnight .
The prices tumbled Monday on weak manufacturing data from China, while global growth worries also weighed on US Equities whilst Asian and European bourses advanced.
SGX Nifty: SGX Nifty indicates a flat opening for the Indian stock markets today. Singapore Nifty (SGX Nifty) is that the Indian Nifty that’s traded in Singapore stock market and is taken into account to be the primary indication of the Indian markets opening.
Earnings today: Adani Enterprise, Adani Ports, Bharti Airtel, Dabur, Bank of India are among the businesses scheduled To announce their earnings on Tuesday.
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