Stock Market Updates: Sensex Up Over 200 Points, Nifty Above 25,500; Apollo Hospitals Rises 3%
Benchmark indices Sensex and Nifty are likely to see a flat-to-positive start on Tuesday
Markets Today: Benchmark indices Sensex and Nifty are likely to see a flat-to-positive start on Tuesday, with market movement guided by a mix of domestic data and global cues. At 8:05 AM, GIFT Nifty futures were trading 24 points higher at 25,638.
Key triggers for the session include India and China's final manufacturing PMI readings for June, Federal Reserve Chair Jerome Powell's address at the 2025 ECB Forum in Portugal, strong activity in the primary market, and institutional investment flows.
India's industrial output (IIP) rose just 1.2% in May — the slowest pace in nine months — down from a revised 2.6% in April. The early arrival of the monsoon led to a sharp 5.8% fall in electricity generation, the steepest since June 2020. Mining output contracted 0.1% for the second month in a row, while manufacturing grew 2.6%, with only 13 of 23 sectors reporting gains. A high base from May 2024's 6.3% growth also dragged down the numbers.
Global Market Trends
Asian markets were mixed in early Tuesday trade as investors reacted to fresh record highs on Wall Street and uncertainty around U.S. tariff policy. President Donald Trump's 90-day tariff reprieve is due to expire next week, raising global trade concerns.
U.S. Treasury Secretary Scott Bessent noted that while some countries are 'negotiating in good faith," tariffs could be reinstated if talks stall.
In Asia, Japan's Nikkei retreated 0.87% after an 11-month high in the prior session, and the Topix slipped 0.52%. However, South Korea's Kospi jumped 1.83%, and Australia's ASX 200 edged up 0.15%. Markets in Hong Kong were closed for a holiday.
U.S. stock futures were mildly lower in early Asian hours after another strong session on Monday. The S&P 500 rose 0.52% to 6,204.95, the Nasdaq gained 0.47% to 20,369.73, and the Dow added 275.50 points, or 0.63%, to 44,094.77.
The rally was supported by Canada's decision to withdraw its planned digital services tax, a move seen as easing trade tensions with the U.S. The tax, aimed at tech giants like Google, Meta, and Amazon, was scheduled to take effect on Monday. The rollback followed Trump's sudden halt of trade talks with Ottawa.
About the Author
Aparna Deb
Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18.
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