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Indian Stocks Brace for Decline as Global Markets Falter
16 Jul
Summary
- Sensex and Nifty 50 expected to open lower on Wednesday
- Indian stocks rebounded on Tuesday after four-day losing streak
- India-US trade deal negotiations underway in Washington
The Indian stock market is bracing for a decline on Wednesday, as the domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower. This comes on the heels of weak global market cues, with Asian markets trading lower and the US stock market ending mixed overnight.
However, the Indian stock market indices managed to rebound on Tuesday, ending the day with decent gains and snapping a four-day losing streak. The Sensex rose 317.45 points, or 0.39%, to close at 82,570.91, while the Nifty 50 settled 113.50 points, or 0.45%, higher at 25,195.80.
Investors are now closely watching the ongoing India-US trade deal negotiations, as a dedicated team from India's Commerce Ministry has reached Washington for the talks. Analysts expect the market to continue its consolidation in the near term, with stock-specific movements driven by the upcoming Q1FY26 earnings outcomes and guidance from the management.
