Indian Stock Market Outlook:
The Indian equity market is likely to see a cautious start on Monday as Gift Nifty traded at around 24,964 — about 42 points lower than Nifty’s previous close. This indicates a possible negative opening for Sensex and Nifty.
Last week ended on a positive note for Indian markets. The Sensex climbed 223.86 points to close at 81,207.17, while the Nifty 50 gained 57.95 points to end at 24,894.25. Buying in metal and banking stocks helped the recovery. Analysts believe that market momentum may continue due to stable monetary policy, good monsoon, and festive demand.
Across Asia, markets traded higher as Japan’s Nikkei 225 index touched a record high, crossing the 47,000 mark for the first time. The Topix index also hit an all-time high. Japan’s rise came after fiscal conservative Sanae Takaichi became the new Prime Minister. However, Chinese and South Korean markets remained closed for holidays.
In the US, Wall Street closed mixed. The Dow Jones and S&P 500 reached record highs, while the Nasdaq ended slightly lower. Tesla, Nvidia, and AMD shares saw declines, but Apple gained slightly. Bitcoin prices also touched a new record high of $125,559, driven by investor optimism and ETF inflows.
Gold prices crossed $3,900 per ounce for the first time as investors sought safe-haven assets amid global uncertainty. Meanwhile, the dollar index recovered slightly, while the yen fell sharply against the dollar.
Key factors to watch this week include the US government shutdown talks, FOMC meeting minutes, Israel-Hamas ceasefire updates, India’s Q2 corporate results, and trends in foreign fund flows.
Experts suggest that investors remain cautious and consult certified advisors before making major investment decisions.
ALSO READ: Vijay Deverakonda’s Car Meets with an Accident Near Gadwal