Benchmarks may open higher on softer domestic inflation, firm Asian cues

The equity benchmarks are likely to open marginally higher on Tuesday, tracking gains in Asian peers and a sharper-than-expected drop in domestic inflation to a more than six-year low.

The Gift Nifty futures were trading at 25,167 points as of 7:51 a.m. IST, indicating that the Nifty 50 will open above Monday’s close of 25,082.3.

MSCI’s broadest index for Asia-Pacific stocks outside Japan rose 0.5%, driven by gains in Hong Kong, while tariff-driven uncertainty persisted.

Meanwhile, Japanese and U.S. bond yields jumped on the day, which could cap the gains for emerging market equities.

Higher bond yields make emerging market equities less attractive for foreign investors.

Back home, retail inflation slumped to a more than six-year low of 2.10% in June, near the lower range of the central bank’s tolerance band, as food prices continued to ease, making a case for further interest rate cuts.

India’s equity benchmark indexes fell for a fourth straight session on Monday on losses in information technology stocks and global tariff concerns.

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Published on July 15, 2025