Overnight Shifts in Indian Stock Market: 7 Crucial Changes Impacting Coin Value and Symbols
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- The Indian equity indices, Sensex and Nifty 50, are projected to open higher on Tuesday, buoyed by positive global market cues.
- Asian markets are trading higher, while US stocks ended positively overnight, fueling hopes of a US Federal Reserve interest rate cut this year.
- Traders are currently pricing in rate cuts worth 46 basis points from the Fed by the end of 2024, according to LSEG’s rate probability app.
Indian stock market shows positive signs following global market trends, with expectations of an interest rate cut by the US Federal Reserve.
Indian Stock Market Performance
On Monday, the Indian stock market benchmark indices ended mixed amid high volatility. The Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, noted a surge in India VIX by over 70% in the last eight trading sessions, indicating increasing investor nervousness due to ongoing global uncertainties and the upcoming Lok Sabha election outcome.