Indian stock market: The Indian stock market indices had a good start as the Gift Nifty was trading at a level of 22,365, which was about 85 points higher than the previous close of the Nifty futures.
Indian stock market: Following a steep decline last week, the domestic equities benchmark indices, the Sensex and Nifty 50, are anticipated to open higher on Monday, following gains in international markets.
The US stock market closed higher on Friday, driven by technology firms, while Asian markets saw mixed trading.
Investors will keep an eye on a number of important stock market triggers this week, such as monthly auto sales, Donald Trump’s tariff pronouncements, the rupee-dollar exchange rate, foreign capital flows, domestic and international macroeconomic data, and other significant global market indicators.
The benchmark indices fell by around 2% each on Friday, marking the worst intraday performance the Indian stock market has seen this year.
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The Nifty 50 closed 420.35 points, or 1.86%, lower at 22,124.70, while the Sensex plummeted 1,414.33 points, or 1.90%, to close at 73,198.10.
February saw the Nifty 50 drop by about 6%,marking the sixth consecutive month of declines.Due to weak global sentiments and a dearth of domestic catalysts, we anticipate that the market would continue to trade weakly,”stated Siddhartha Khemka,Head of Research,Wealth Management,Motilal Oswal Financial Services Ltd.