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Stock Market Updates: GIFT Nifty Signals Muted Start; Asian Shares Trade Lower | Markets News

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India’s equity markets are set for a muted start on Tuesday as investors across the globe remain wary of increasing geopolitical tensions

Sensex

Sensex

Sensex Today: India’s equity markets are likely to open on a cautious note on Tuesday as investors remain on edge amid escalating geopolitical tensions globally. GIFT Nifty, the early indicator for the Nifty 50, was trading 0.14 per cent higher at around 7:25 AM, signalling a flat-to-positive start.

On Dalal Street, investor focus will stay on quarterly earnings, with stocks such as LTIMindtree and Tata Capital in the spotlight following their Q3 results. Meanwhile, India is scheduled to release the eight core industries output data for December later in the day.

Safe-haven assets continued to attract strong buying interest, with silver and gold touching fresh record highs after the US President imposed a 10 per cent tariff on eight European nations, effective February 1, with the levy set to rise to 25 per cent from June. The move came after these countries opposed Washington’s proposal to acquire Greenland.

Global Cues

Asian markets extended their decline, led by losses in Japan’s Nikkei 225 and South Korea’s Kospi. Sentiment in Japan also remained fragile after Prime Minister Sanae Takaichi formally called for an early general election next month.

Wall Street remained shut overnight on account of the Martin Luther King Jr. Day holiday.

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