Indian markets on Tuesday commenced with a positive trajectory, influenced by the decline in US Treasury yields. This shift was fueled by renewed optimism regarding the conclusion of the rate hike cycle. Additionally, the stability of oil prices at approximately $80 per barrel, in anticipation of the upcoming OPEC+ meeting, contributed to the positive market sentiment.As of 9:15 am, the NSE Nifty 50 index exhibited a 0.18% rise, reaching 19,832.95 points, while the S&P BSE Sensex experienced a 0.08% increase, reaching 66,023.India's currency, debt and equity markets were closed on Monday for a public holiday.The Nifty 50 index settled 0.04% lower at 19,794.70 levels on Friday, while the Sensex fell 0.07% to 65,970.04, dragged down by information technology stocks .

Source: Economic Times November 29, 2023 01:50 UTC