On Tuesday, September 2, Indian equity benchmarks, Sensex and Nifty 50, are expected to open on a positive note. As of 7:07 AM, the GIFT Nifty was trading near 24,763, up 34 points.
Asian markets traded mostly higher as investors digested the outcomes of the Shanghai Cooperation Organisation leaders’ meeting in Tianjin.
On Monday, September 1, Foreign Institutional Investors (FIIs) were net sellers. FIIs sold equities worth ₹1,429.71 crore.
Domestic Institutional Investors (DIIs) were buyers on Friday. They bought shares worth ₹4,344.93 crore on the same day.
The Nifty 50 index opened the week on a positive note, advancing 0.81% to close at 24,625.05 on Monday. The Bank Nifty also moved higher by 0.65% to finish at 54,002.45. Sector-wise, auto, IT, metals, and realty stocks contributed to the gains, while pharma index witnessed profit booking. In the broader market, both mid-cap and small-cap indices registered gains in the range of 1.5% to 2%.
Markets in the US were closed on Monday for the Labour Day holiday.
US equity futures were mostly unchanged in early Asian trade as September — historically a weak month for equities — began, with sentiment weighed down by tariff-related uncertainty following a recent court ruling.
WTI crude oil futures rose near $65 per barrel and Brent crude oil futures rose above $68 per barrel on Tuesday, building on gains from the previous session amid mounting concerns over supply disruptions.
Gold and silver surged over 1% on MCX to fresh all-time highs on Monday, fueled by a weaker dollar and strong safe-haven demand. Gold October futures hit a peak of Rs 1,05,937/10 grams, while the silver December futures rose to a record high of Rs 1,24,369/kg.
The U.S. dollar made a limp recovery in early Asian trade after days of selling, ahead of the U.S. markets reopening later on Tuesday after the Labour Day holiday. The dollar index was last up 0.1% at 97.709, having touched its lowest on Monday since July 28, after five consecutive days of loss.
Disclaimer: The article is for informational purposes only and not investment advice.
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