Business · India Bureau
Indian markets set for gains as Asian bourses rebound; oil eases
Domestic equity indices are poised for a positive opening Monday, with GIFT Nifty signalling strength in early trade. Asian markets across the region advanced in morning deals as crude oil prices moderated below the $98-per-barrel mark.
LSN India ·
India's benchmark Nifty50 index appeared headed for gains at the opening bell, according to signals from GIFT Nifty futures contracts trading on the IFSC in Gujarat. The positive sentiment reflected broader strength across Asian financial markets, which were trading in the green during early Monday sessions.
Markets across South and Southeast Asia rallied in morning trade, building on momentum as investors assessed economic data and corporate earnings. The uptick in regional bourses suggested renewed appetite for equities after previous sessions of volatility.
Commodity markets also showed signs of stabilisation, with Brent crude trading below the $98-per-barrel level. The moderation in oil prices could ease inflationary pressures and support sentiment in energy-dependent Asian economies.
The positive cues from overnight Asian trading and commodity markets suggested Indian equities would likely extend gains through the day, though investors remained watchful of global developments and domestic economic indicators. Market participants continued to monitor corporate results and macroeconomic data releases for directional cues.