Markets Live: SGX Nifty Indicates Gains; Tata Consumer, GAIL, Coal India In Focus

Good Morning!

Indian equities failed to sustain at the day's high on Tuesday, ending with modest gains, snapping a five-day losing streak in the process.

Metal stocks along with oil sensitives continued their outperformance while banking stocks had a volatile session.

Futures are indicating gains at the start of the mid-week trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.53% to 14,791 as of 8:05 a.m.

Asian equities are mixed while treasury yields are steady this morning. Japanese equities resumed trading after a holiday and are underperforming while Australian shares dipped. Hong Kong stocks are trading with modest gains.

Futures on the Dow Jones are trading with gains of 20 points. The index ended flat overnight. Investors are assessing Fed Chair Jerome Powell's statement of continued policy support from the Federal Reserve.

The U.S. Dollar fell against major peers while the pound was at the highest since April 2018.

West Texas Intermediate crude fell 0.7% to $61.26 per barrel while bitcoin fell below the mark of $50,000.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.