Options data suggests that 19800 is likely to be a key hurdle for the Nifty 50, as that strike price call option holds the highest open interest. On Monday, the 50-stock index ended 0.2% down at 19694 points.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19,815, signaling that Dalal Street was headed for muted start on Tuesday.
US stocks gain
Wall Street's three major stock averages closed higher on Monday with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives.
Asian stocks advance
Asian stocks advanced Tuesday, buoyed by Wall Street gains, as US shares extended their storming rally and a $16 billion sale of 20-year Treasuries lured bond buyers.
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Oil futures eased on Tuesday, reversing the previous day's rally, as