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Indian equity markets are expected to open on a muted note on Tuesday, tracking weakness in global peers
Stock Market Updates
Sensex Today: Indian equity markets are expected to open on a muted note on Tuesday, tracking weakness in global peers, particularly Wall Street, which ended sharply lower overnight. The cautious sentiment follows renewed criticism from US President Donald Trump aimed at Federal Reserve Chair Jerome Powell for not cutting interest rates, despite recent economic concerns.
Trump claimed that Powell’s hesitation in reducing rates would hamper economic momentum, days after the Fed chief flagged risks to US growth and inflation amid rising trade tensions.
Global Cues
Wall Street closed significantly in the red on Monday. The Dow Jones Industrial Average declined 2.48 per cent to 38,170.41, the S&P 500 fell 2.36 per cent to 5,158.20, and the Nasdaq Composite dropped 2.55 per cent to 15,870.90.
However, US futures indicated a slight recovery in early Asian trading hours. Dow Jones futures were up 0.33 per cent, while S&P 500 and Nasdaq 100 futures gained around 0.4 per cent each.
In Asia-Pacific, the sentiment remained subdued. Japan’s Nikkei 225 slipped 0.2 per cent, South Korea’s Kospi declined 0.22 per cent, and Australia’s ASX 200 fell 0.54 per cent.
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