The Indian market is expected to consolidate on Tuesday, following tepid global cues. The S&P BSE Sensex plunged over 500 points, but the Nifty50 held on to its 17700 levels on Monday. According to Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, options data suggests a trading range shift between 17400 and 18000 zones.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500