Stock Market LIVE: GIFT Nifty signals positive open; Asia markets rise as tech shares advance

The Sensex and Nifty are poised for a steady opening on Tuesday, buoyed by positive global cues and falling crude oil prices. The Nifty's opening price of 23,510 suggests a modest gain at market start. Analysts attribute the market's stability to foreign news flows from the US, Iran, and the tariff situation. Asian markets are optimistic, following a rally on Wall Street and a decline in oil prices; South Korea's KOSPI is up over 2%, while Japan's Nikkei 225 remains closed for a holiday.

The Gift Nifty futures are trading above 23,500, indicating a robust opening for Indian equities. However, geopolitical tensions might keep investor sentiment cautious, with selective buying at higher levels. WTI crude is currently trading between $92-$93 per barrel, offering some relief. Macro indicators show improvement, but recovery remains uneven, with several demand indicators growing at double-digit YoY rates.

Credit growth and infrastructure activity remain stronger than last year, though manufacturing PMI has recently weakened, and WPI remains high. The double-digit YoY growth in demand indicators and improved absolute consumption levels aid growth, but uneven growth across segments remains a concern. The environment for foreign investment flows has become more favorable at current valuations, but MF equity flows have started to look sporadic.

U.S. Treasury yields have eased, with the 10-year yield moving below 5%, aiding the global risk landscape. Positive derivative trading signal and supportive Put concentration around 23,300-23,400 provide a near-term cushion, while Call OI building across 23,500-24,000 creates layered resistance.