How will Nifty-Sensex move today? GIFT Nifty is trading with gains

GIFT Nifty Today: After a strong rally in the stock market last week, consolidation was seen for the second consecutive day on Monday. According to experts, the market will remain strong in the coming times. The reason behind this includes many global macro and other activities. On Tuesday, many companies like Dixon Technologies, Max Healthcare, Hindalco, Torrent Pharma will present their quarterly results. In such a situation, their shares are going to be in focus.

How will Nifty-Sensex move today

Vinod Nair, Head of Research at Geojit Investment Limited, said, consolidation was seen in the domestic market amid Moody's downgrade of the US sovereign credit rating and sluggish retail growth in China. The IT sector stocks fell the most. However, several indices in the broader market performed well due to good quarterly results and increased retail investor activity.

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He further said that defense stocks are likely to rise due to positive sentiments and expectations of continued policy support. Despite profit booking, FII inflows keep the market hopeful.

GIFT Nifty trading with gains

On Tuesday, GIFT Nifty was trading 92.50 points or 0.37 per cent higher at 22,081.50 on NSE IX, indicating that the stock market may have a positive opening.

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US market situation

US stock futures showed minimal volatility. S&P 500 futures gained less than 0.1%, while Nasdaq 100 futures fell 0.1%. At the same time, Dow Jones Industrial Average futures saw a gain of 54 points or 0.14%.

Crude oil prices stable

Let us tell you that after the rise of the last two days, the prices of crude oil remained stable today. The main reason for this is the news of Donald Trump backing down from trying to resolve the Ukraine-Russia war.