The Indian markets are trading lower, with the Sensex down 424 points or 0.50% at 84,354.38, while the Nifty is slipping 113 points or 0.44% to 25,852.70.
Indian equity indices are trading Tuesday’s session on a lower note. The NSE Nifty 50 fell 82 points or 0.31% to trade at 25,885. The BSE Sensex declined 315 points or 0.38% to trade at 84,460.
The Bank Nifty opened flat at 58,116. The small and midcap stocks opened the day on a stronger note. The Nifty Midcap surged 138 points or 0.23% to open at 59,918.
“There are indications of a possible agreement between the US and China on tariffs, and if there is a breakthrough in the Trump-Xi meeting on Thursday, that will give another leg up to the markets globally, where the leading indexes like the S&P 500, Nikkei and Kospi are at record highs. A near-term positive for the market is the expectation that the Fed would cut rates in the FOMC meeting on Wednesday since US CPI inflation (3% YoY) is not as high as feared,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were SBI, Adani Ports, Titan, Bharti Airtel, and Tata Steel. On the flip side, the key laggards in the Nifty 50 pack included InterGlobe Aviation (IndiGo), Bajaj Finance, HDFC Bank, TCS, and ICICI Bank.
Major movers on Tuesday
The stocks that were the major movers in the opening trade included Reliance Industries, Bharti Airtel, HDFC Bank, SBI, and Eternal (Zomato), which were the major movers in the morning trade.
