Stock market opening today: Will Sensex, Nifty continue positive rally?
Benchmark stock market indices are set for a positive opening on Tuesday, based on GIFT Nifty trends. As of 8:55 am, GIFT Nifty futures were at 22,951.50, suggesting that the Nifty50 will start above Tuesday’s close of 22,834.30.
On Tuesday, the benchmark indices had their best session in six weeks, ending near a one-month-high. Bargain hunting in stocks that had fallen sharply drove the rally.
However, both the indices are still down around 4% this year, reflecting the prolonged market correction on Dalal Street.
On a positive note, foreign investors turned net buyers on Tuesday for the first time this month and only the fourth time in 2025, according to provisional data.
Meanwhile, Asian markets are showing mixed trends ahead of the US Federal Reserve’s policy decision, which will come after Indian market hours. While the Fed is expected to keep interest rates unchanged, investors will closely track its comments on the U.S. economy and future rate plans.
Another concern is US President Donald Trump’s trade policies. His new tariffs could push up inflation and slow down economic growth.
Back home, metal stocks will be in focus today. This is because the government has proposed a 12% temporary tax on certain steel products for 200 days to curb cheaper imports and support domestic producers.
According to brokerage firm CLSA, the duty, combined with stable domestic steel prices, is a big positive for the sector.
Other key factors supporting metal stocks include hopes of fresh stimulus from China and increased infrastructure spending in Europe.
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, “GIFT Nifty indicates early bullish signs on Dalal Street, driven by short-covering and value buying.”
“Key stocks to watch include TATA Power, NTPC, Cummins India, Indus Tower, and Voltas, signaling bullish momentum on dips. Despite recent strength, a soft Nifty opening is likely as investors turn cautious, with focus on the FOMC meeting and gold prices hitting fresh highs. Bullish consolidation is expected, though volatility may persist,” he added.
