Flat Start for India Stock Market:
The Indian stock market is expected to open flat on Monday, influenced by mixed global market cues. As of the weekend, Gift Nifty was trading around 24,447, a slight premium of nearly 6 points over the previous close of Nifty futures, signaling a steady start for the market.
Globally, Asian markets saw a mixed performance, while the US stock market had a strong week, with the Nasdaq hitting a record high. US stock futures remained positive ahead of upcoming inflation data, which could influence market sentiment further.
Key factors driving the market this week include updates on US-India trade talks, possible changes in tariffs, and global economic data. Investors are also keenly watching for developments in the ongoing tensions between the US and Russia, especially after US President Donald Trump announced a meeting with Russian President Vladimir Putin later this week in Alaska.
Back home, the Indian stock market faced challenges last Friday as concerns over US President Trump’s 50% tariffs on India sent indices lower. The Sensex dropped by 765.47 points, closing at 79,857.79, and the Nifty 50 lost 232.85 points, settling at 24,363.30. These developments suggest that investors may adopt a cautious approach, focusing on companies with strong domestic earnings visibility and less exposure to tariff risks.
In terms of commodities, gold prices saw a decline, with traders waiting for more clarity on US tariff policies. Crude oil prices slipped due to expectations of a ceasefire in Ukraine.
Brent crude dropped 1.07% to $65.88 per barrel.
Investors should remain defensive and watch global developments closely.
These factors will be crucial in deciding if the market downtrend continues or stabilizes.
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