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Indian Stocks Brace for Muted Open as Global Cues Remain Mixed
30 Jul
Summary
- Indian market indices expected to open lower on Wednesday
- US stocks declined amid concerns over US tariffs and Federal Reserve policy
- Indian market ended higher on Tuesday, lifted by short-covering
The Indian stock market is bracing for a muted open on Wednesday, as the domestic equity benchmark indices, Sensex and Nifty 50, are expected to follow mixed global market cues. On Tuesday, Asian markets traded with a mixed tone, while the US stock market ended lower amid concerns over US tariffs and Federal Reserve policy.
In the previous trading session, the Indian stock market closed higher, lifted by fag-end short-covering. The Sensex gained 446.93 points, or 0.55%, to close at 81,337.95, while the Nifty 50 settled 140.20 points, or 0.57%, higher at 24,821.10.
Analysts expect the markets to witness selective buying, driven by quarterly results, while the broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal.
