India’s Nifty and Sensex are set to open in the red on Tuesday after a modest end on Monday.
Nifty and Sensex refreshed record highs on Monday amid India’s growth story and the global rally.
The focus shifts toward Fed Chair Powell and US Nonfarm Payrolls data due later this week.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are expected to open on the back foot, as risk-aversion extends into Asian markets. Gifty Nifty futures are down 0.10% so far, indicating a negative start for the Indian indices.
Both Indian indices ended in the green on Monday, taking cues from mostly positive global stocks, led by Japan’s Nikkei 225 index 40,000 feat.
Nifty and Sensex continued to capitalize on robust India’s Gross Domestic Product (GDP) data and the global stocks rally.
The National Stock Exchange (NSE) Nifty 50 and Bombay Stock Exchange (BSE) Sensex 30 closed about 0.10% on the day near 22,400 and 73,900 respectively, having hit fresh record highs earlier in the session.
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