The Indian equity benchmarks are likely to open on a positive note on Tuesday as indicated by the Nifty futures traded on the Singapore Exchange. The SGX index was trading 137 points or 0.78 per cent higher at 17,761.5.
The foreign institutional investors remained the net buyers worth Rs 312 crore, whereas the domestic institutional investors sold shares worth Rs 94 crore on Monday
The Indian equity benchmarks are likely to open on a positive note on Tuesday as indicated by the Nifty futures traded on the Singapore Exchange. The SGX index was trading 137 points or 0.78 per cent higher at 17,761.5.
On Monday, while the Sensex surged 300 points higher at 59,141, the Nifty 50 index was trading at 91.40 points higher at 17,622. .
Here are key things to know before the markets open on Monday.
The US stocks closed higher on Monday as investors braced for another rate hike by the US Federal Reserve. The S&P500 index surged 26.56 points or 0.7 per cent at 3,899.89, whereas the Dow Jones Industrial Average advanced 197.26 points or 0.6 per cent at 31,019. While the Nasdaq was 86.62 points or 0.8 per cent higher at 11,535, the Russell 2000 for smaller companies surged 14.65 points or 0.8 per cent to 1,812.
The Asian stocks were trading higher on Tuesday. Tokyo’s Nikkei 225 surged 0.35 per cent, whereas South Korea’s KOSPI advanced 0.42 per cent. Singapore’s Hang Seng index was trading 1.02 per cent higher. China’s Shanghai Composite surged 0.59 per cent, whereas Shenzhen Component surged 0.89 per cent.
The foreign institutional investors remained the net buyers worth Rs 312 crore, whereas the domestic institutional investors sold shares worth Rs 94 crore on Monday.
Crude oil remained unchanged on Tuesday on concerns that the rate hike by the US Federal Reserve will curb economic growth and fuel demand in the world’s biggest oil consumer. Brent crude futures plunged 7 cents or 0.1 per cent to $91.93 per barrel by 013 GMT, whereas US West Texas Intermediate declined 14 cents or 0.2 per cent at $85.59 per barrel.
Gold prices traded in a tight range on Tuesday. While the Spot gold remained unchanged at $1,74 per ounce at 0205, the US gold futures surged 0.3 per cent higher at $1,683.