Indian stock market set for upbeat Tuesday open
The Indian stock market looks ready to kick off Tuesday on a high note.
GIFT Nifty futures are pointing to an opening above Monday's close, after both Nifty and Sensex gained about 0.5% yesterday.
Still, gains were held back a bit by investors cashing out profits and some foreign money leaving the market—even though strong company earnings and steady fiscal policies kept things fairly solid.
What's driving the action?
Foreign investors sold ₹11.7 billion in shares on Monday, but domestic institutions stepped in with ₹25.6 billion in buys.
The rupee hit a record low, reflecting worries over US-India trade talks—something analysts say could shape where the market heads next.
Everyone's now watching sectors sensitive to interest rates as the Reserve Bank of India gears up for its policy decision on December 5, especially since hopes for a rate cut have faded with India's surprisingly strong economic growth last quarter.