Nifty poised for weak open as Asian peers rally; oil near $97

The GIFT Nifty futures, which track Nifty50 movements before the domestic market opens, signalled a lower opening for India's benchmark index on Monday morning. The indication suggests weakness in domestic equities despite positive momentum across broader Asian markets in early trade.

Asian bourses advanced during their Monday sessions, providing some support to regional sentiment. However, the divergence between Asian market strength and the expected Indian market weakness highlights the mixed signals investors are digesting ahead of the week.

Commodity markets remained a focal point for traders, with Brent crude oil hovering near the $97 per barrel level. Oil price movements have continued to influence equity market sentiment, particularly for markets with significant exposure to energy sector stocks.

Market participants are monitoring early session cues closely as they prepare for the week ahead, with global and domestic factors likely to shape trading patterns in the coming sessions. The opening bell will provide clarity on whether the negative GIFT Nifty signals translate into actual market movements.