Markets Live: SGX Nifty Indicates Gains; BPCL, Eicher Motors, Hero MotoCorp, UPL In Focus

Good Morning!

Indian equities recovered nearly half of Friday's losses as buying interest was witnessed across stocks and sectors.

Barring Bharti Airtel Ltd., 49 of the 50 Nifty constituents ended higher on Monday.

Futures are pointing to another positive start. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.76% to 14,905 as of 7:50 a.m. on Tuesday.

The street will watch out for BPCL's exit from Numaligarh Refinery, and auto sales data from Hero MotoCorp and Eicher Motors.

Most Asian markets are rising this morning, extending an overnight surge on Wall Street. Markets slipped in Japan and rose in Australia. South Korean equities, which reopened after a holiday, are outperforming.

Futures on the Dow Jones are fluctuating between gains and losses. The index ended 2% higher on Monday, while the S&P 500 saw its biggest single-day jump in nine months.

West Texas Intermediate crude fell 1.2% to $59.92 per barrel ahead of the OPEC meeting on Thursday. Treasury yields were steady along with the U.S. dollar, while gold fell 0.4% to $1,718.7/Oz. Bitcoin, too, traded with gains after a 8% surge on Monday.

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