The Indian stock market started the week positively on Monday.
- Nifty50 opened near 24,400 and was trading at 24,398.65 at 9:19 AM, up 35 points (0.15%).
- BSE Sensex crossed 79,900 and was at 79,929.78, up 72 points (0.09%).
What’s Important This Week:
- Investors are watching closely for India’s inflation data (CPI and WPI).
- India-US trade talks are in focus, as both countries are still working on a trade agreement.
Global Market Update:
- US markets closed higher on Friday, with the Nasdaq hitting a new record. Gains were led by tech stocks like Apple, and optimism grew over possible interest rate cuts.
- Asian markets opened slightly higher on Monday, but investors are cautious ahead of important economic data and decisions on US tariffs for Chinese goods.
Oil Market:
- Oil prices fell in early Asian trading on Monday after a 4% drop last week.
- Prices were pressured by higher US tariffs on trading partners, increased oil production by OPEC, and hopes for progress in US-Russia talks about Ukraine.
FII Activity:
Foreign Institutional Investors (FIIs) increased their net short positions in the futures market from ₹1.73 lakh crore on Thursday to ₹1.82 lakh crore on Friday.
