Stock Market Updates: Sensex Down 163 Points, Nifty Below 24,800; CDSL, TCS In Focus
Manufacturing production, Q1 results, global cues, primary market activity may influence the benchmarks, Sensex and Nifty, today.
Sensex Today: India's June industrial and manufacturing output data, Q1 corporate earnings, global cues, institutional investment trends, and primary market activity are likely to guide the mood on Dalal Street today.
As of 6:33 AM, GIFT Nifty futures were trading 19 points lower at 24,831, hinting at a flat-to-negative start for the Sensex and Nifty indices.
Global Cues
Asia-Pacific markets opened on a mixed note on Monday as investors awaited the outcome of US-China trade talks scheduled to begin later in the day in Stockholm. The discussions will be led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
In an interview with Fox Business, Bessent expressed cautious optimism about extending the current trade truce. He also indicated that the negotiations will address broader geopolitical issues, including China's oil purchases from Russia and Iran.
The talks come close on the heels of US President Donald Trump's announcement of a trade agreement with the European Union over the weekend. Trump, who had previously threatened to impose 30 per cent tariffs on EU imports, has now dialed them down to 15 per cent, helping boost investor sentiment.
In early trade, Japan's Nikkei slipped 0.43 per cent while the broader Topix index declined 0.19 per cent. South Korea's Kospi was down 0.31 per cent. In contrast, Australia's ASX 200 rose 0.4 per cent.
US equity futures advanced in early Asian hours, buoyed by reduced tariff tensions. S&P 500 futures climbed 0.39 per cent, Nasdaq 100 futures gained 0.53 per cent, and Dow Jones futures were up 156 points, or 0.35 per cent.
On Friday, all three major US indexes closed higher and recorded weekly gains. The S&P 500 added 0.40 per cent to settle at 6,388.64, the Nasdaq Composite rose 0.24 per cent to 21,108.32, and the Dow Jones Industrial Average advanced 208.01 points, or 0.47 per cent, to end at 44,901.92.
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