India Market Recap

Indian equity benchmarks extended their gains on Monday, supported by positive global cues and higher US equity futures as investors assessed the outlook for US-China trade ahead of a planned summit later this week. The Nifty 50 gained 67.90 points to settle at 23,414.30, while the Sensex rose 564.03 points, or 0.76%, to 74,858.99. On the technical front, Nifty support is placed at 23,300–23,250, while resistance is seen at 23,500–23,600.

US Market Recap

US equities rallied sharply on Monday as easing crude oil prices and lower Treasury yields provided relief to investors. Renewed optimism around artificial intelligence also supported technology stocks and lifted the broader market. The S&P 500 gained 1.5%, marking its strongest session since August 4, while the Nasdaq Composite jumped 2.3% to record its first closing high since June. The Dow Jones Industrial Average advanced 366 points, or 0.7%, while the Nasdaq 100 gained 2.8%. Semiconductor stocks led the technology rally, with the sector index rising more than 4%. Meta surged 11%, while Advanced Micro Devices crossed the $1 trillion market-capitalisation mark, highlighting renewed investor enthusiasm for AI-related stocks.

Asian Market Update:

Asian equities traded mostly higher on Tuesday, tracking a strong rally in US technology stocks. Japan’s Nikkei 225 advanced 1.38%, while South Korea’s KOSPI gained 1.87%. Australia’s S&P/ASX 200 edged up 0.11%, while the Shanghai Composite remained broadly unchanged. Investors continued to monitor global technology sentiment along with developments around US-China trade relations.

Commodity Check

Crude oil prices remained in focus after a sharp decline in the previous session as concerns over Middle East supply disruptions eased. Brent crude traded around $100 a barrel after falling 3.4%, while WTI declined 4.5% to $95.78 a barrel. Brent settled more than 3% lower at $100.34. Saudi Arabia’s oil loadings from the Persian Gulf also increased over the weekend, with vessel activity at its main Gulf port reaching the highest level since June. Markets continued to monitor diplomatic developments around the US-Iran conflict. US President Donald Trump indicated that he would potentially consider meeting Iranian President Masoud Pezeshkian on the sidelines of the UN General Assembly in New York this week. Reports also suggested that the US administration had proposed a $5 billion fund to support the reconstruction of energy infrastructure damaged during the conflict.

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