Indian stock market: The domestic market benchmark indices are anticipated to have a positive opening on Monday’s trade with GIFT Nifty up 30.25 points from Friday’s close on Nifty Futures amid mixed global cues.
Asian stocks showed positive momentum for a second straight day, taking inspiration from Friday’s gains on Wall Street. Additionally, the dollar gained strength following President-elect Donald Trump’s advice to the BRICS nations, suggesting they should avoid creating a competing currency to the US dollar, as per Bloomberg report.
On Friday, during the last trading session of the week, the key domestic indices, Nifty 50 and Sensex, experienced positive movement, indicating progress for the Indian stock market. Despite recent volatility stemming from factors such as fund outflows, lower-than-expected Q2 earnings from several companies, and persistently high inflation, signs of resilience are emerging.
The Sensex closed at 79,802.79 points, up by 759.05 points, while the Nifty 50 finished at 24,131.10 points, gaining 216.95 points. According to analysts, these gains suggest potential recovery opportunities for both investors and the market as a whole.
Here are key global market cues for Nifty 50 and Sensex today:
