Sensex, Nifty Seen Higher At Open As Dollar Struggles

From Nasdaq: 2025-06-26 22:31:00

Indian shares are expected to open positively despite concerns over tariffs and inflation. President Trump hints at a potential trade agreement with India, boosting optimism. Benchmark indexes Sensex and Nifty both rose 1.2% on Thursday, extending gains. The rupee strengthened against the dollar at 85.70. Asian markets are up as the U.S. and China finalize understandings, including rare earth metal shipments. Gold drops as ceasefire between Israel and Iran eases demand for havens. Economic news shows mixed results with real U.S. GDP falling 0.5% in Q1 2025. U.S. stocks rise on Fed rate cut hopes.

Nasdaq Composite and S&P 500 near record highs, Dow climbs 0.9%. European stocks mostly higher after NATO leaders agree to increase defense spending. European markets close mixed, with Germany’s DAX up 0.6% and U.K.’s FTSE 100 up 0.2%. France’s CAC 40 finishes slightly lower. Oil trades higher but on track for worst week since March 2023. Dollar near 3.5-year low against euro and sterling. Jobless claims below expectations, durable goods sales strong in May. Potential trade deal between U.S. and China to be signed in July.



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