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A firm start is expected for the Sensex and Nifty indices on Tuesday amid upbeat global cues. At 07:30 am, the SGX Nifty futures quoted at 17,450, indicating an opening gain of around 150 points on the Nifty index.
The Street may also see positive momentum today after a report by the RBI said that the headline consumer price index (CPI)-based inflation, which stood at 7.4 per cent in September, might have peaked and could fall going ahead thanks to easing momentum and favourable base effects.
Globally, overnight the US, Dow Jones and the S&P 500 climbed up to 2 per cent, while the Nasdaq jumped over 3 per cent.
