By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading 0.34% or 60.5 points higher at 8:21 am on Tuesday, indicating a positive opening on Dalal Street after a long weekend.
Major indices on Wall Street climbed on Tuesday, thanks to an upside in mega-cap growth stocks, on expectations that the Fed Reserve could achieve a less aggressive interest rate hike in the September monetary meeting.
Share prices of heavyweights like Apple (NASDAQ: AAPL ) rose 0.3%, Tesla Inc (NASDAQ: TSLA ) jumped 3.1% and Microsoft Corp (NASDAQ: MSFT ) climbed 0.5%, giving a significant boost to indices S&P 500 and Nasdaq , as the U.S. Treasury yields eased.
Stocks across Asian markets traded mostly higher on Tuesday, following a positive overnight session on Wall Street, while investors reacted to China's central bank paring key lending rates to boost demand as the economy slowed unexpectedly in July.
Oil fell on Tuesday, reacting to the Chinese economic data, the largest crude importer, as concerns of a potential global recession led to fears of a curtailing demand. Brent crude declined 0.92% to $94.3/barrel and WTI Futures tanked 0.65% at $88.8/barrel. Natural gas Futures advanced 0.3%.
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