Home NEWS GIFT-Nifty up 10 points in pre-open trade after Nifty crosses psychological 20k...

GIFT-Nifty up 10 points in pre-open trade after Nifty crosses psychological 20k mark

© Reuters.

By Malvika Gurung

Investing.com — The GIFT Nifty index, a preliminary indicator for the former Singapore-based exchange SGX Nifty, traded 0.05% or 10 points higher at 8:56 a.m. on Tuesday, indicating a flat-to- High or low start on Dalal Street.

Moreover, AND traded flat with negative bias in the pre-open session.

Indian benchmark index Nifty 50 crossed the psychological 20,000 mark in the previous session and touched 20,008.15.

Major U.S. indexes closed higher on Monday, led by a sharp bounce in tech-rich indexes as market heavyweight Tesla (NASDAQ:) rose more than 10% on AI optimism and an overweight upgrade rating from Morgan Stanley (NYSE: .

Investors are awaiting August US CPI data scheduled this week to gauge the Fed’s interest rate hike move and policy tightening course at the September monetary policy meeting.

jumped 1.14%, gained 0.25%, and gained 0.67%.

Asian shares traded mixed on Tuesday, with gains capped and the Japanese yen posting its best one-day gain against the greenback in two months. The Chinese yuan recorded its best day in six months.

At 8:50 am, Japan’s were up 0.61%, South Korea’s fell 0.42%, China’s and Hong Kong’s {{179|Hang Seng} } traded flat with negative biases, and Australia’s ASX 200 was positive. Traded flat with a bias.

A report from Investing.com said prices rose on Tuesday as markets awaited forecasts about supply and demand from an upcoming report from OPEC, although optimism over recent supply cuts kept prices under pressure. Maintained close to 10 month high.

Futures rose 0.43% to $91.03/barrel and WTI futures were at $87.72 per barrel at the time of writing. Futures fell 0.15%.

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