The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a positive note on Tuesday, tracking gains across global markets, even as investors remain watchful of developments surrounding the fragile US-Iran peace process.
Asian equities traded mostly higher in early deals, while Wall Street ended firmly in the green overnight, with the Dow Jones Industrial Average closing at a record high.
Domestic equities ended lower on Monday after investors booked profits following the recent rally. Sentiment was also weighed down by a rebound in crude oil prices after fresh military exchanges between the US and Iran rekindled geopolitical concerns.
The BSE Sensex declined 372.10 points (0.48%) to close at 76,728.37, while the Nifty 50 fell 109.75 points (0.46%) to settle at 23,946.25.
Asian Markets
Asian markets largely advanced on Tuesday, buoyed by a rally on Wall Street the previous night. Japan’s Nikkei 225 increased by 0.29%, and the Topix climbed by 0.17%. Conversely, South Korea’s Kospi dropped by 0.92%, and the Kosdaq fell by 0.88%. Futures for the Hong Kong Hang Seng index suggested a lower start.
US-Iran Talks
Iran has refuted claims that it has any talks planned with the United States in the near future. In the meantime, the White House announced that US Special Envoy Steve Witkoff and Jared Kushner, Senior Adviser to President Donald Trump, are set to visit Doha on Tuesday to meet with Iranian representatives.
What Gift Nifty live chart signals?
The Gift Nifty Live Chart shows a weak start for the Indian stock market today. By 7:52 AM, the Gift Nifty was trading around the 23,980.5 level, a discount of 57.2 points from the Nifty futures’ previous close of 24,037.70.
Ponmudi R, CEO of Enrich Money, said Indian equity markets are expected to trade with a cautious bias as investors closely monitor renewed geopolitical tensions ahead of the next round of US–Iran negotiations. Crude oil prices continue to hold on to their recent gains, with Brent trading in the $70–71 per barrel range following the latest military exchanges between the United States and Iran over the weekend. Investor attention is now firmly focused on the upcoming negotiations in Doha, with hopes that diplomatic progress will help ease regional tensions. However, any escalation or disruption to shipping through the Strait of Hormuz could reignite concerns over energy supplies, inflation and global risk sentiment, making developments in the region the key market driver in the sessions ahead.
On the domestic front, concerns persist after India’s summer crop sowing trailed last year’s pace due to a delayed start to the monsoon season. The slower planting progress has raised questions over agricultural output and rural demand, although the outlook will largely depend on the pace and distribution of rainfall in the coming weeks.
Gold, silver rates today
The price of gold dropped more than 1% and was on track for a fourth consecutive monthly decrease. The spot price of gold decreased by 1.5% to $3,957.74 per ounce, with a monthly decline of 12.7% in sight. Gold futures for August delivery in the US decreased by 1.7% to $3,971.60. Spot silver prices decreased by 2.4%, reaching $56.89 per ounce.
Stock market today
Speaking on the outlook for the Nifty 50 today, Ajit Mishra, SVP — Research at Religare Broking, said, the Nifty 50 continues to trade between its key moving averages—the 20-day and 100-day EMA—indicating a lack of clear directional bias. A decisive close above the 24,200 mark could trigger the next leg of the upmove towards the 24,450–24,600 zone. On the downside, the 23,800 level remains crucial support; a breach below this level could broaden the ongoing consolidation, with the next support placed around 23,600.
On the outlook for the Bank Nifty today, Ponmudi R, CEO of Enrich Money, believes the Bank Nifty remains comfortably positioned above its 20-, 50-, 100-, and 200-day Exponential Moving Averages (EMAs), highlighting the resilience of the underlying trend despite recent mild profit-booking. However, the index needs to reclaim the 58,000 psychological mark to improve near-term sentiment. From a technical perspective, the 58,200–58,300 region continues to act as the immediate resistance zone. A sustained breakout above this band would reinforce bullish momentum and could extend the recovery towards the 58,600–58,700 region.
On the downside, the 57,600–57,500 zone remains the immediate support area. Holding above this region will be crucial to preserving the broader positive structure.
Stocks to buy today
Regarding stocks to buy today, market experts — Sumeet Bagadia of Choice Broking, Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, and Shiju Koothupalakkal, Senior Manager — Technical Research at Prabhudas Lilladher, recommended these seven buy-or-sell stocks for intraday trading: Bank of Maharashtra, Sai Life Sciences Ltd, Nippon Life India Asset Management Ltd, HDFC Life Insurance Company Ltd, L&T Finance Ltd, JSW Energy Ltd, and Lloyds Engineering Works Ltd.
Sumeet Bagadia’s stock recommendations today
Buy Bank of Maharashtra in cash at ₹94; SL at ₹90; TGT at ₹102
Buy Sai Life Sciences in cash at ₹1,248; SL at ₹1,205; TGT at ₹1,335
Ganesh Dongre’s buy or sell stocks
Buy Nippon Life India Asset Management at ₹1,170; SL at ₹1,130; TGT at ₹1,210
Buy HDFC Life Insurance Company at ₹583; SL at ₹570; TGT at ₹600
Buy L&T Finance at ₹300; SL at ₹295; TGT at ₹310
Shiju Koothupalakkal’s intraday stocks for today
Buy JSW Energy cmp: ₹584 Target: ₹625 Stop loss: ₹572
Buy Lloyds Engineering Works cmp: ₹87.10 Target: ₹93 Stop loss: ₹85
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
