Business · India Bureau
Indian Markets Poised for Gains as Asian Equities Rally
Domestic stock indices are expected to open higher, tracking a broader recovery in Asian markets. A sharp decline in crude oil prices to below $98 per barrel is providing support to sentiment across the region.
LSN India ·
Indian equity markets are positioned to open in positive territory on Thursday, riding the back of a recovery sweeping through Asian exchanges. The Sensex and Nifty are anticipated to build on overnight momentum as investors respond to a substantial easing in global crude oil prices.
International crude has fallen below the $98 per barrel mark, marking its steepest weekly decline since 2020. The pullback in energy costs is providing relief to oil-importing economies like India, where elevated fuel prices have been a persistent headwind for inflation and corporate margins.
The broader Asian market recovery reflects a shift in investor sentiment, with equity benchmarks across the region gaining ground. The moderation in crude prices is expected to ease inflation concerns and potentially support central bank policy decisions in the coming weeks.
Domestic investors will be watching key resistance levels on both the Sensex and Nifty as trading begins. Market participants are also keeping an eye on global economic data and central bank commentary for further directional cues.