Indian equity benchmarks, the Sensex and Nifty 50, are expected to open higher on Tuesday, December 23, extending their rally for a third consecutive session amid supportive global cues. Asian markets traded firmly, following overnight gains on Wall Street, while early signals from Gift Nifty indicated a positive start, trading around 26,237, slightly above the previous Nifty futures close.
In the prior session, domestic markets ended strongly, aided by a recovery in the rupee and upbeat global sentiment. The Sensex climbed 638 points to close at 85,567.48, while the Nifty 50 rose 206 points to finish at 26,172.40. Market sentiment was supported by foreign institutional investors turning buyers, strong liquidity, and expectations of future policy easing by the US Federal Reserve. IT and metal stocks led gains.
Asian equities continued their upward trend, with Japan, Hong Kong, and Australia posting advances. Wall Street also ended higher, driven by technology and banking stocks. Meanwhile, gold and silver hit record highs on safe-haven demand, crude oil prices remained firm, and modest UK GDP growth reflected ongoing economic pressures.
