Live stock market updates: The major benchmark indices are likely to start Tuesday’s session positively, backed by a 9 percent drop in Brent crude prices overnight. At 8am, the April futures contract for SGX Nifty was quoted at 17,425, indicating an open gap of 100 pips on the Nifty50.
Markets will be watching with interest the Russian-Ukrainian talks in Turkey today for any signs of de-escalation of the conflict. According to the Financial Times, Russia is no longer asking Ukraine to “get rid of the danger” and is ready to allow Kiev to join the European Union if the military remains non-allied.
In the The main marketToday, the three-day initial public offering of Veranda Learning Solutions will open. The company sells the shares at Rs 130-137 per lot to raise up to Rs 200 crore.
between stocks, power grid It will be in focus as the company has approved an investment of Rs 821.3 crore in five projects.
Aurobindo Pharma It will also be on the radar as it acquired the local formulation business of another Hyderabad-based Veritas Healthcare on a selling basis at Rs 171 crore.
US markets closed higher on Monday, led by sharp gains in Tesla after the latter announced plans for a stock split. The Dow Jones rose 0.3 percent, the Standard & Poor’s 500 rose 0.7 percent and the Nasdaq jumped 1.3 percent.
Oil prices fell sharply on Monday, as China’s financial hub Shanghai imposed new restrictions to control the rise in COVID-19 cases. Brent crude futures fell 9 percent to $109.6 a barrel, and West Texas Intermediate crude fell 7 percent to $105.96 a barrel.
On Tuesday, major markets in Asia started trading with marginal gains. Japan’s Nikkei advanced 0.8 percent. And Straits Times shares rose 0.6 percent. The Kospi and Taiwan rose 0.3 percent each.