Market Opens in Green

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,100, BSE Sensex was up over 150 points. At 9:20 AM, Nifty50 was trading at 25,138.75, up 56 points or 0.23%. BSE Sensex was at 82,408.58, up 155 points or 0.19%.

Expert Insights

Market experts anticipate a period of consolidation, as investors await developments regarding the India-US trade agreement. Company-specific movements are likely to occur as firms release their quarterly performance reports.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "Market is in a state of drift with no clear indications of a sharp change of course. FIIs who have been net buyers in April, May and June have turned net sellers in July as per the latest data. This has put pressure on largecaps. Absence of institutional selling in the broader market is keeping this segment resilient despite the elevated valuations."

Global Market Trends

US equity markets finished slightly higher on Monday, with investors remaining cautious after US President Donald Trump's recent tariff announcements, whilst awaiting economic data releases and corporate earnings reports.

Asian stocks tracked US gains with modest increases, as investors regarded President Donald Trump's latest tariff warnings as negotiation tactics unlikely to significantly impact international trade.

Commodities Update

Gold prices increased marginally on Tuesday as investors waited for the release of US inflation figures later in the day, which could provide insights into the Federal Reserve's future interest rate decisions.

Oil prices decreased slightly on Tuesday as markets evaluated Trump's 50-day ultimatum for Russia to conclude the Ukraine conflict or face sanctions on oil purchasers, whilst concerns persisted regarding Trump's trade tariffs.