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Indian stock markets are poised to open higher for the second consecutive session, buoyed by a strong finish on Wall Street overnight
Stock Market Updates
Stock Market Updates Today: Indian stock markets are poised to open higher for the second consecutive session, buoyed by a strong finish on Wall Street overnight. The rally was primarily driven by the recent pause and exemptions in tariffs announced by the US administration last week, which helped ease investor concerns. Domestic equity markets were closed on Monday, April 14, in observance of Dr. Baba Saheb Ambedkar Jayanti.
Puneet Singhania, Director at Master Trust Group, said: “Markets are riding a wave of optimism fuelled by easing trade tensions and hopes of a supportive policy environment both globally and domestically. However, investors should keep an eye on corporate earnings and inflation data due later this week. The Nifty has staged a strong comeback, but a sustained move above 23,050 is essential for the next leg of the rally. Until then, it remains a ‘buy on dips’ market with selective stock-picking.”
In early trade today, at 6:56 AM, GIFT Nifty futures were quoting at 23,304 — nearly 390 points higher than the Nifty futures’ last close — signalling a positive start for Indian benchmarks.
Shares of ICICI Lombard, ICICI Prudential Life, and IREDA will be in focus in today’s trade as all three companies are scheduled to announce their quarterly earnings. Investors will closely monitor the financials and management commentary for cues on the sector’s outlook and company-specific performance.
Global Cues
Overnight on Wall Street, major US indices ended with solid gains. The Dow Jones Industrial Average climbed 0.78% to finish at 40,524.79, the Nasdaq Composite advanced 0.64% to 16,831.48, and the S&P 500 rose 0.79% to close at 5,405.97. However, futures trading in the US indicated a slightly cautious outlook ahead, with Dow Jones futures down 0.2%, and S&P 500 and Nasdaq 100 futures lower by 0.2% and 0.3%, respectively.
Asian markets opened in the green on Tuesday, taking cues from Wall Street’s overnight strength. Japan’s Nikkei 225 was up 1.18%, South Korea’s Kospi gained 0.51%, and Australia’s S&P/ASX 200 advanced 0.38%, reflecting broad optimism across the Asia-Pacific region.
