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Bite-sized market moves, explained simply.
Global markets provided a favorable backdrop for Indian equities. Asian markets traded higher following a strong overnight performance on Wall Street, where technology stocks rebounded. Meanwhile, Brent crude oil prices remained below $73 per barrel, which is positive for India as a major oil-importing nation. Lower oil prices are expected to support inflation and improve market sentiment.
The Indian stock market started Tuesday's trading session on a positive note, recovering from the previous day's losses. Both benchmark indices opened in the green, with the Sensex rising over 275 points to trade above 77,000, while the Nifty 50 crossed the 24,000 mark. Improved global market sentiment, easing geopolitical tensions in the Middle East, and lower crude oil prices helped lift investor confidence at the start of the session.
The boards of Power Finance Corporation (PFC) and REC Ltd. approved their merger. The combined entity is expected to become India's largest power-sector financing institution with a loan book of over ?11 lakh crore, making it one of the biggest restructuring moves in the sector.
Indian equity markets traded with a negative bias today. The Sensex slipped by around 380–400 points, while the Nifty 50 fell below the 24,000–24,050 zone during the session. Selling pressure was visible in Auto, IT, and Oil & Gas stocks, whereas Pharma and Metal shares showed relative strength. Market volatility also increased, with the India VIX moving higher.
