Business · India Bureau
Indian Equities Set For Cautious Start As GIFT Nifty Signals Weakness
GIFT Nifty futures pointed to a subdued opening for Indian markets on Monday, declining ahead of the session despite strength in most Asian bourses. Oil prices remained firm with Brent crude hovering near $97 per barrel.
LSN India ·
Indian equity indices appeared poised for a muted start to the trading week, with GIFT Nifty futures down 48.60 points to 23,999.50 in early trade. The weakness in index futures suggested caution among investors as they assessed domestic and global economic developments.
The cautious sentiment in India contrasted with broader strength across Asian markets, which mostly opened in positive territory on Monday. Regional bourses drew support from overnight gains in US equities and optimism over economic outlooks in key markets.
Energy markets remained a point of focus, with Brent crude oil trading near the $97 per barrel mark. Oil price movements continued to influence sentiment in emerging markets, given the commodity's impact on inflation and current account deficits in net-importing nations like India.
Analysts pointed to a mix of factors shaping market direction, including global monetary policy trajectories, corporate earnings expectations, and macroeconomic data releases scheduled for the week ahead. Investors were also monitoring domestic policy developments and foreign fund flows into Indian equities.