Will Nifty, Sensex extend gaining streak for 5th session? Here’s what the trends suggest

The Indian equity benchmarks, the BSE Sensex and the NSE Nifty50, are set to open in the green with marginal gains, extending their four-session gaining streak, on Tuesday, tracking firm cues from Asian peers. At 8.15 a.m., the GIFT Nifty futures were up 62 points, or 0.25%, at 25,244, indicating a firm opening for the domestic bourses.

On Monday, the Indian equities market continued its gaining streak for the fourth straight session as the U.S.-China trade talks sparked optimism, while the Reserve Bank of India’s monetary policy action on Friday further lifted spirits. The BSE Sensex ended 256.22 points, or 0.31%, higher at 82,445.21, and the NSE Nifty closed at 25,103.20, up by 100.15 points, or 0.4%. Outperforming the benchmark indices, the BSE midcap index ended 1.1% higher, while the BSE smallcap index settled up by 1.2%.

In the last four sessions, the Sensex has risen 1,708 points, while the Nifty has climbed 2.3% during the same period. The total market capitalisation of all listed companies on the BSE surged by more than ₹11.07 lakh crore to ₹455.11 lakh crore.

US stocks end on subdued note; Apple shares slide

In overnight trade, Wall Street ended a tad higher amid optimism over U.S.-China trade talks. Trade representatives of the world’s two biggest economies held trade talks on Monday and planned a second day of talks on Tuesday, though no breakthrough was reported so far. Market participants kept a close eye on trade negations while they awaited key inflation figures due on Wednesday.

The Dow Jones Industrial Average ended flat, while the S&P 500 rose 0.1%. Meanwhile, the tech-heavy Nasdaq Composite Index ended 0.3% higher.

Among individual companies, Apple shares dropped over 1% as investors were expecting a big push in artificial intelligence at WWDC event.

Asian markets rise as U.S.-China trade talks continue

Despite muted cues from the U.S. markets, Asian stocks saw positive trading on Tuesday as the U.S.-China trade talks continued for the second day today. The positive tone after the first day of trade negotiations also lifted market sentiment.

The Nikkei 225 index in Japan rallied over 1%, while the Taiwan Weighted index was the best performer in the region with a 1.7% gain. Indonesia’s Jakarta Composite also climbed over 1%, while Hong Kong’s Hang Seng and China’s Shanghai Composite added 0.4% and 0.15%, respectively. South Korea’s Kospi was also up around 1%, while Singapore’s Straits Times was flat with marginal losses. Meanwhile, Australia’s ASX 200 ended 0.8% higher.