Anticipating Market Movements: Predicting Nifty 50 and Sensex Trade Trends for May 7

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The Indian stock market indices, Sensex and Nifty 50, are projected to open higher on Tuesday, following gains in global markets.
The Gift Nifty trends also suggest a positive start for the Indian benchmark index, trading around the 22,585 level.
On Monday, the domestic equity benchmark indices ended a volatile session mixed, with the Sensex gaining 17.39 points and the Nifty 50 settling 33.15 points lower.

Indian stock market indices Sensex and Nifty 50 are expected to open higher, tracking global market gains. The Gift Nifty also indicates a positive start for the Indian benchmark index.

Market Performance on Monday

The domestic equity benchmark indices had a mixed performance in a volatile session on Monday. The Sensex gained 17.39 points to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. Nifty 50 formed a small negative candle on the daily chart beside the long bear candle of the previous session.