Indian stock markets kicked off Tuesday on a flat note, with investors playing it safe amid key global events. Traders are keeping a close eye on the restart of Indo-US trade talks and the upcoming US Federal Reserve policy decision, which could shake things up.
At open, the Nifty 50 index hovered around 25,073.60, edging up just 4.40 points or 0.02%. The BSE Sensex started at 81,851.84, climbing 66.10 points or 0.08%. Market watchers say the overall mood feels subdued, as everyone waits for big updates from both international and domestic fronts.
Banking expert Ajay Bagga shared his take: A US trade team landed in India last night for crucial one-day talks that could restart Indo-US trade negotiations. Indian stock futures barely budged, signaling low expectations for now. He also pointed to the Fed’s rate decision, set for Wednesday night Indian time, as a major trigger. “With a potential Fed rate cut on the horizon, brace for two bumpy days in Indian markets,” Bagga said. “Big events like this often make investors nervous, and that’s what we’re seeing today and tomorrow.”
Broader indices showed slight gains too. The Nifty 100 rose 0.06%, Nifty Midcap 100 climbed 0.16%, and Nifty Smallcap 100 jumped 0.28%.
Sector-wise on the NSE, most areas stayed positive, except Nifty Private Bank. Nifty Auto led with a 0.33% gain, followed by Nifty Media at 0.42%, Nifty Pharma at 0.19%, Nifty IT at 0.17%, and Nifty FMCG at 0.15%.
Globally, positive vibes from US-China trade talks are helping boost sentiment. The White House called the latest round in Madrid a success, and a Friday call between US President Donald Trump and Chinese President Xi Jinping might lead to a TikTok deal and lower tariffs.
Ashika Institutional Equities noted that caution rules ahead of the Fed announcement and expected trade chats between Trump and Indian PM Narendra Modi. On the home front, India’s wholesale prices climbed 0.52% year-on-year in August—beating forecasts of 0.30% and bouncing back from July’s 0.58% drop.
Other Asian markets mostly shone: Japan’s Nikkei 225 surged 0.52%, South Korea’s KOSPI rallied 1.22%, Hong Kong’s Hang Seng added 0.17%, and Taiwan’s Weighted Index rose 0.92%. Singapore’s Straits Times dipped a tiny 0.09%.
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