Indian equities are set for a cautious-to-positive opening on Tuesday after the market remained shut on Monday for Ganesh Chaturthi. GIFT Nifty was indicating a gain of around 80 points, or 0.34%, above the 23,500 level.

The Indian rupee is expected to remain under pressure on Tuesday, with the currency facing a test around the Rs.95.80-per-dollar level. The rupee closed at Rs.95.55 on Friday after losing more than 1% during the previous week.

Geopolitical tensions remain a major trigger for global markets as Iran-aligned Houthi forces launched another wave of attacks targeting Saudi Arabia. At the same time, discussions around reopening the Strait of Hormuz remain uncertain, keeping concerns over global oil transportation elevated. The developments are particularly important for India because any prolonged disruption to oil shipments […]

The Indian equity markets are closed on Monday, September 14, on account of Ganesh Chaturthi. Trading across the BSE and NSE will resume on Tuesday, with investors expected to react to developments in global markets during the holiday.

Crude oil prices moved higher as renewed tensions in the Middle East raised concerns about possible disruption to energy supplies. Brent crude remained above the $100-a-barrel mark as investors assessed developments involving Iran, Gulf shipping routes and attacks affecting regional infrastructure.

Gold prices declined on Monday as rising crude oil prices increased concerns over inflation and strengthened expectations that the US Federal Reserve could maintain a tighter monetary stance. Spot gold fell around 0.3% to $4,334.31 an ounce, while US gold futures declined 0.8%.

The Indian rupee remains under pressure as elevated crude prices increase demand for dollars and concerns over the Middle East add to global risk aversion. The currency has been trading close to record-low levels against the US dollar.

Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.

BRICS leaders are seeking deeper economic cooperation as the group expands its role in global trade and investment. Chinese President Xi Jinping proposed initiatives covering artificial intelligence, trade and economic cooperation at the BRICS summit.

Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.