Business · India Bureau
Indian markets set for weak open as Asian peers retreat, oil surges
Benchmark indices are poised for a subdued start to the trading week as GIFT Nifty signals a negative opening for the Nifty50. The weak sentiment mirrors broader losses across Asian markets, while crude oil prices continue climbing.
LSN India ·
Indian equities are likely to open on the back foot Monday, with GIFT Nifty indicating a lower start for the Nifty50 index. The early weakness reflects broader pressure across regional bourses, with most Asian markets trading in the red during early deals.
The negative momentum comes as Brent crude oil prices continue their upward trajectory, with the international benchmark topping $90 per barrel. Rising energy costs could add to inflation concerns and potentially weigh on investor sentiment across the region.
Market participants will be closely monitoring the extent of any sell-off during Monday's opening session and watching for cues from broader macroeconomic developments. The performance of Asian peers and oil price movements are expected to influence trading dynamics in the Indian market throughout the day.
Investors will be keyed up on how domestic stocks react to these headwinds, particularly given the current global economic environment. Further direction is likely to depend on domestic economic data releases and corporate earnings updates in the coming sessions.