Stock Market Opens Slightly Higher Amid Global Tensions: The stock market is expected to open slightly higher on Tuesday, June 3, with investors keeping a close eye on global developments and the upcoming interest rate decision by the Reserve Bank of India. As of 8:15 am, the Nifty futures were trading at 24,845.5, showing a higher start compared to the Nifty 50’s Monday close of 24,716.6.
Stock Market Opens Slightly Higher Amid Global Tensions
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following gains in global markets. Asian markets traded higher, while the US stock market gained overnight, even as trade tensions continue to linger.
The Indian market is expected to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI repo rate cut,” said Siddhartha Khemka, Head- Research, wealth Management, Motilal Oswal Financial Services Ltd.
Market Trend Remains Mixed
On Monday, both Sensex and Nifty ended the day almost flat, despite a sharp drop during early trade. The Sensex had dropped over 700 points but recovered most of the losses by the session. The mood remained weak due to global factors but recovered mostly flat, despite falling sharply during early trade. The Sensex had dropped over 700 points but recovered most of the losses by the end of the session.
VLA Ambala, co-founder of Stock Market Today, said, “On Monday, the benchmark index Nifty traded within a narrow range in the absence of any major news or market triggers. This momentum is likely to continue for another 2 to 3 days.
She added, “Traders and investors may consider this a breather as a pullback momentum within the ongoing uptrend. Judging by these developments, or the lack thereof, we can expect the Nifty Index to gather support between 24,550 and 34,480 and notice resistance around 24,800 and 24,870in the next intraday session.”
Eyes on RBI Policy and Interest Rates
One of the key events this week is the RBI policy meeting on Friday. The market is expecting a 25 basis point rate cut. If that happens, it could help rate-sensitive sectors like real estate, finance, auto, and consumer goods. Lower interest rates can make loans cheaper and boost spending in these sectors.
Foreign Investors Sell, Domestic Buyers stay active
Foreign institutional investors sold Indian shares worth Rs 2,589.47 crore on Monday. This marked the second straight day of selling by overseas investors. Asian stock markets were trading slightly higher on Tuesday morning. The US dollar lost some strength due to concerns over US-China trade tensions and geopolitical risks.
Nifty realty, PSU banks lead gains amid global worries
Indian stock markets displayed notable resilience on Monday, managing to recover from early losses and closing only slightly lower. This performance came against a backdrop of renewed global trade tension and geopolitical uncertainties. The Sensex concluded the day at 81,374, a minor decline of 77 points, or 0.09 %, yet this closing figure represented a significant rebound of 719 points from day`s low of 80,654.
The initial slump in the markets was primarily triggered by US President Donald Trump’s announcement of increased tariffs on steel imports, which are set to rise from 25% to 50%, effective June 4. This announcement sent ripples through global markets, exacerbating existing concerns over trade and geopolitical tensions, particularly between Russia and Ukraine.
Market experts noted that global stock markets are facing a cloud of uncertainty due to ongoing tariff tensions, renewed geopolitical concerns such as the Russia-Ukraine situation, and fiscal challenges in the United States.
Stock market experts noted that global stock markets are facing a cloud of uncertainty due to ongoing tariff tensions, renewed geopolitical concerns such as the Russia-Ukraine situation, and fiscal challenges in the United States. These factors have collectively kept investors on edge and added pressure on global equities. Asian stock markets were trading slightly higher on Tuesday morning. The US dollar lost some strength due to concerns over US-China trade tensions and geopolitical risks.
Conclusion
In this article we discussed the stock market opening slightly higher amid global tensions: The stock market is expected to open slightly higher on Tuesday, June 3, with investors keeping a close eye on global developments These factors have collectively kept investors on edge and added pressure on global equities.
