Indian Stock Market: Domestic stock indexes are expected to open higher on Monday amid mixed global market trends.
While most Asian markets were closed for the holiday, U.S. stock markets ended Friday mostly higher, led by tech stocks.
Investors focus on several stock market triggers, including key inflation data this week, following hawkish comments from the Federal Reserve and RBI and focus on curbing inflation will do.
The ongoing third quarter results, oil prices, foreign capital inflows and other global indicators will also be highlighted.
India's stock market indexes ended higher on Friday amid mixed global market conditions and volatility on a rebound in financial stocks.
Sensex rose 167.06 points (0.23%) to close at 71,595.49, while Nifty 50 rose 64.55 points (0.3%) to close at 21,782.50.
Analysts expect the market to remain firm in the short term, with a cautious view prevailing on the back of important macro data and the final stage of third-quarter results.
Also read: What's in store this week: Inflation data, Q3 results, and global clues to this week's key market triggers
“Stock markets remained volatile last week, reacting to events such as the US Federal Reserve's policy announcements and the flurry of RBI measures. It may take some time before central banks cut interest rates. That doesn't make many people happy, but the expectation is that eventually the central bank will relent and the peak in interest rates has passed,” said research director Joseph Thomas. , MK Wealth Management.
Thomas said the market remains fundamentally strong, but some profit-taking could lead to further declines in the coming weeks.
Here are today's key global market cues for Sensex.
Asian markets were mixed on Monday with trading weak as most markets remained closed this week for the Lunar New Year holiday.
Japan's Nikkei Stock Average rose by 0.1%, but the TOPIX fell by 0.2%.
Many major markets in Asia are closed, including China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan.
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Gift Nifty is trading around 21,94 levels compared to Nifty futures' previous closing price of 21,849, indicating a gap upstart for the Indian stock market index.
U.S. stock markets ended mixed on Friday, with the S&P 500 index closing above 5,000 for the first time, helped by gains in semiconductor stocks, including megacap and Nvidia stocks.
The Dow Jones Industrial Average fell 54.64 points, or 0.14%, to 38,671.69, and the S&P 500 index rose 28.70 points, or 0.57%, to 5,026.61. The Nasdaq Composite Index rose 196.95 points, or 1.25%, to end at 15,990.66.
Among stocks, Cloudflare stock soared 19.5%, while PepsiCo stock fell 3.6% and Pinterest stock fell 9.5%.
Read here: The week ahead on Wall Street: Investors focus on inflation, industrial production data, headline earnings
Oil prices fell following last week's rise after Iran's foreign minister warned that the conflict between Israel and Hamas may be nearing a diplomatic resolution.
Brent crude oil fell 0.37% to $81.89 per barrel after rising 6.3% last week, and West Texas Intermediate was trading 0.43% lower at $76.51 per barrel.
Also read: FPI continues January sales streak, offloading INRIndian stocks are worth $3.075 billion.buy INR$15.094 billion in bond market
Foreign Portfolio Investor (FPI) net injection amount is more than INRIndia's bond market has seen inflows of $150 billion so far this month. This is followed by the next net investment. INRJanuary brought in $19,836 million, the highest monthly inflow in more than six years.
On the other hand, foreign investors INR300 billion yen from stocks during the survey period.Before this, they withdrew massive funds INRAccording to data from the vault, it was 25,743 million yen in January.
(Information provided by agency)
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