Indian stock markets are expected to start the week on a positive note, following strong global cues. Last week, NIFTY50 and SENSEX recorded their best weekly gains since July 2022, thanks to heavy buying by foreign investors.
Global Market Overview
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US Markets: On Friday, major US stock indices ended higher. The Dow Jones and S&P 500 gained 0.3%, while the NASDAQ rose 0.5%. Investors were relieved after reports suggested that upcoming US tariffs may not be as severe as initially feared. President Trump also hinted at some flexibility in the plan, which boosted market sentiment.
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Asian Markets: On Monday morning, major Asian markets, including Japan, China, and Hong Kong, opened higher, following the positive trend from the US. However, Japan’s Composite PMI dropped to a 5-month low due to weakness in the services sector.
Read More: Indian Stock Markets Surge: Sensex Jumps 550 Points, Nifty Crosses 23,350
Crude Oil Prices Rise
Oil prices surged by 2% on Friday due to rising tensions between Israel and Gaza, increasing supply concerns.
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WTI Crude traded above $68 per barrel
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Brent Crude crossed $71 per barrel
Foreign and Domestic Investments
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Foreign Institutional Investors (FIIs) bought ₹7,470 crore worth of Indian stocks on Friday.
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Domestic Institutional Investors (DIIs) sold ₹3,202 crore worth of shares.
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FIIs also reduced their short positions in derivatives, which helped push the market higher.
Also See: Sensex, Nifty Near Record Highs as Auto Stocks Rev Up Market Rally
Conclusion
Overall, with strong global cues and continued foreign investment, Indian stock markets are likely to open on a positive note on Monday. However, investors remain cautious about the impact of upcoming US tariffs.
