Most benchmarks in Asia-Pacific region were trading higher as market participants await the US May inflation data and Federal Reserve’s policy decision.
The Nikkei 225 was trading 210.11 points or 0.54% higher at 39,248.27, and the KOSPI index was 6.84 points or 0.25% higher as of 06:54 a.m. on Tuesday.
The US stock market found it challenging to make significant progress due to a downturn in European assets affecting the overall mood.
The S&P 500 Index and Nasdaq 100 rose 0.26% and 0.35%, respectively, as of Monday. The Dow Jones Industrial Average rose 0.18%.
Brent crude was trading 0.12% higher at $81.75 a barrel. Gold fell 0.07% to $2,309.36 an ounce.
The GIFT Nifty was trading 45.5 points or 0.2% down at 23,240.00 as of 06:55 a.m.
After recording fresh highs in early trade, the benchmark stock indices settled lower on Monday, tracking losses in shares of Infosys Ltd., HDFC Bank Ltd. and Mahindra & Mahindra Ltd. The NSE Nifty 50 settled at 30.95 points or 0.13%, lower at 23,259.20, and the S&P BSE Sensex ended at 203.28 points or 0.27%, lower at 76,490.08.
Overseas investors remained net buyers of Indian equities on Monday for the second straight day. Foreign portfolio investors mopped up stocks worth Rs 2,572.4 crore, while domestic institutional investors turned net buyers and mopped up equities worth Rs 2,764.5 crore after a day of selling, according to provisional data from the National Stock Exchange.
The Indian currency closed 13 paise lower against the U.S. dollar at 83.51.
FPIs Stay Net Buyers Following New Government’s Oath-Taking
