Indian benchmarks are poised to open higher on Tuesday after GIFT Nifty indicated a positive start, while easing crude prices support sentiment worldwide.
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Rising oil costs, a 10‑year US Treasury yield at a 22‑year high and aggressive foreign‑investor selling are weighing on the Nifty and Sensex ahead of key earnings.
India's Nifty50 and BSE Sensex fell more than 0.8% on Tuesday, erasing roughly Rs 4 lakh crore in market value amid rising oil prices, climbing bond yields and widening foreign investor outflows.
India's benchmark indices fell sharply on Monday, with the Sensex losing 1,040 points amid higher oil prices, rising US yields and renewed foreign portfolio outflows.
Analysts cite falling oil prices, new U.S. sanctions on Russia, Iran‑related shipping disruptions and mixed foreign investor flows as the main forces that will steer the Nifty on Monday.
The BSE Sensex fell 1.04% and the Nifty 50 slipped 1.19% on Tuesday, driven by rising crude prices, higher global bond yields and anticipation of the Federal Reserve meeting.
GIFT Nifty slipped 33 points to 24,018, pointing to a negative opening on Dalal Street as global markets reacted to rising oil prices and heightened geopolitical tension.