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Market Review US:

US stocks rose Monday, as the Dow Jones Industrial Average and S&P 500 eked out record closes, extending a winning streak on Wall Street. Investors looked to Federal Reserve speakers and a key inflation reading for clues to the odds of another big rate cut.

Asia:

Asian stocks rose on optimism China was poised to announce stimulus measures after comments from Federal Reserve policymakers hinting at further easing spurred gains overnight.

India:

Indian equity benchmark indices BSE Sensex and Nifty 50 climbed to record highs, before finishing the trading session at all-time high levels. Market is expected to open on gap up note and likely to witness positive move during the day.

Global economy:

U.S. business activity was steady in September, but average prices charged for goods and services rose at the fastest pace in six months, potentially hinting at a pickup in inflation in the coming months. S&P Global said on Monday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, was little changed at 54.4 this month compared to a final reading of 54.6 in August. A reading above 50 indicates expansion in the private sector. Japanese manufacturing activity shrank more than expected in September as major automakers continued to grapple with production disruptions, while services activity picked up on strong consumer demand. The au Jibun Bank manufacturing purchasing managers index read 49.6 in early-September, less than expectations of 49.9 and worse than the 49.8 seen in the prior month.

Commodities:

Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. US Gold prices held their ground on Tuesday, after hitting an alltime high in the previous session, following comments by US Federal Reserve officials that backed additional interest rate cuts in the future.

Currency:

The Indian Rupee (INR) attracts some dip-buying during the Asian session on Tuesday and stalls the previous day's modest pullback from over a one-month peak, dragging the USD/INR pair to mid-$83.00s.

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