Gains Across Global Mkts To Likely Push Sensex, Nifty50 in Green Today

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Gains Across Global Mkts To Likely Push Sensex, Nifty50 in Green Today

By Malvika Gurung -- Positive gains witnessed across the global markets will drive the Indian equity benchmarks Sensex and Nifty50 to open in the green on Tuesday.

The Nifty 50 Futures listed on the Singapore-based Exchange SGX was trading at 18,235.50, up 81.6 points or 0.45% at 8:29 am on Tuesday, indicating a positive (to flat) opening for Indian benchmark indices on October 26.

Benchmarks for other Asian markets too rose on Tuesday, as major indices on Wall Street (two out of three) closed at record highs overnight, as a result of a strong earnings season and an improving economic outlook.

The S&P 500 index grew by 0.5% and Dow Jones by 0.2% to close at record highs, while Nasdaq Composite closed with a growth of 0.9%.

Tracking the record highs registered in the US market, the Asia-Pacific stocks outside Japan rose by 0.2%, while Japan's Nikkei grew by 1.7%.

South Korea’s KOSPI 50 increased marginally by 0.6%, while China's Shanghai Composite index was up 0.2%

In the Indian equity market, benchmarks Sensex and Nifty50 ended off at a mildly higher note on Monday. 

Stocks of the banking and financial services sector pushed BSE Sensex marginally by 145.43 points or 0.24% to close at 60,967.05, while Nifty50 advanced by 0.06% or 10.50 points to close at 18,125.40.

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