Tue Jan 07 05:15:23 UTC 2025: ## Indian Markets Poised for Rebound After Monday’s Virus-Driven Crash

**Mumbai, India** – Indian stock markets are expected to open higher on Tuesday, rebounding from a significant drop on Monday triggered by concerns over a new virus outbreak in China. The Sensex and Nifty 50 plummeted 1.59% and 1.62% respectively, losing 1,258.12 and 388.70 points, after a day of widespread selling.

However, positive global market cues are pointing towards a more optimistic opening. Asian markets are trading higher, following a tech rally on Wall Street, with Japan’s Nikkei 225 up 1.96% and South Korea’s Kospi surging 1.21%. The US market closed mixed, with the S&P 500 and Nasdaq Composite reaching one-week highs. Gift Nifty, an indicator of the Indian market’s opening, is trading at a premium, suggesting a positive start.

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, cautioned that market volatility is likely to persist until concerns about the new virus subside. He anticipates stock-specific and sector-specific movements driven by pre-quarterly business updates and the upcoming Q3 earnings season.

While global markets offered some positive signals, mixed US performance saw the Dow Jones Industrial Average edge slightly lower, while the Nasdaq Composite rose significantly, boosted by gains in semiconductor stocks such as Nvidia and Micron Technology. US Treasury yields reached their highest points since May and November 2023 respectively, and the US dollar experienced fluctuation following conflicting reports on President-elect Trump’s tariff plans. Crude oil prices also saw a slight decrease.

Despite the positive global indicators, analysts advise investors to exercise caution and seek professional advice before making any investment decisions.

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