Indian Stock Market Trades Lower Amid Global Uncertainty

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Tuesday, tracking mixed global market cues after the announcement of tariffs by US President Donald Trump on its trading partner countries. The trends on Nifty also suggest a negative start for the Indian benchmark index. The Gift Nifty was trading around the 25,495 level, a discount of nearly 44 points from the Nifty Futures’ previous close. On Monday, the domestic equity market ended flat amid uncertainty over the India-US trade deal. The Sensex gained 9.61 points, or 0.01%, to close at 83442.50, while the Nifty 50 settled 0.30 points higher at 25461.30. Here's what to expect from Sensex, Nifty 50, and Bank Nifty today: Sensex prediction: Sensex formed a small candle on the daily charts and non-directional activity on intraday charts indicate indecisiveness between the bulls and the bears. 'We are of the view that 83,500 will act as an immediate breakout zone for traders. Above this level, Sensex could rally up to 83,700 – 84,000. On the flip side, below 83,250, we could see a quick intraday correction down to 83,000. Further weakness may also continue, potentially dragging the index down to 82,800. The current market texture is non-directional; hence, level-based trading would be the ideal strategy for day traders,' said Shrikant Chouhan, Head Equity Research, Kotak Securities.