Stock Market Today: Sensex, Nifty50 expected to start in green; oil stocks in spotlight as windfall tax lowered

Stock Market Today: In light of mixed developments in other Asian markets ahead of a crucial meeting of the Bank of Japan this week where the central bank might tone down its huge stimulus strategy, the Indian equity benchmarks Sensex and Nifty50 are likely to open on a flat to marginally positive note on Tuesday. Investors took solace in the optimism around the state of the world economy, the reduction of inflation, and China's reopening.

Sensex and NSE Nifty50

The Nifty50 index's early indication on the Singapore Exchange (SGX) Nifty futures was last up 21 points, or 0.1%, at 17,966, after rising as much as 33 points earlier in the day.

Stock Market Today: Asian Market

Asia Pacific shares outside of Japan's largest MSCI index were unchanged. China's Shanghai Composite was flat, Japan's Nikkei 225 was down 0.3%, Hong Kong's Hang Seng was down 1.4%.

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As investors resume to trading later in the day following a long weekend due to a holiday, the S&P 500 futures were down 0.2%, indicating a shaky start on Wall Street.

Siemens has received orders from Indian Railways

The Indian Railways have given the business an order for 1,200 locomotives with 9,000 horsepower (HP), which is the single-largest purchase in Siemens's history in India. It will create, produce, assemble, and test the locomotives. The contract includes 35 years of full service maintenance in addition to eleven years of delivery planning. In Gujarat's Dahod, the Indian Railways facility will construct the locomotives. The contract is worth a total of 26,000 crore rupees.

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