Market Update

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Tuesday, following mixed cues from global markets, despite some improvement in geopolitical sentiment overnight. Asian markets traded higher, while the US markets ended mixed overnight, led by gains in semiconductor stocks. On Monday, the Indian stock market ended sharply lower, amid renewed tensions in the Middle East, a spike in crude oil prices and fears of a US interest rate hike. The Sensex crashed 719.08 points, or 0.97%, to close at 73,524.26, while the Nifty 50 settled 243.70 points, or 1.04%, lower at 23,123.00.