The Indian stock market is set to open on a positive note today, with both the Sensex and Nifty 50 expected to start the day in the green. The positive sentiment comes as investors shift their focus from the easing tensions between Israel and Iran to the upcoming company earnings.
In the pre-open session, the benchmark indices were showing strength, with the Gift Nifty trading around 22,273, indicating a gap-up opening for the Indian markets. This positive start follows a surge in Asian markets, despite mixed global indicators.
Over the weekend, several key developments took place that could impact the market. UAE’s International Holding Company expressed interest in acquiring a controlling stake in Vedanta Resources’ Zambian copper properties, signaling a move to establish a copper mining stronghold in Africa. Additionally, Jio Financial Services reported a 6% rise in consolidated net profit, boosting investor confidence.
In the US, the Nasdaq and S&P 500 closed lower on Friday, while Treasury yields dipped amid uncertainties surrounding central bank policy and geopolitical tensions. Gold and crude oil prices advanced as investors monitored the situation in the Middle East.
As the new trading day begins, investors will be closely watching the market trends and company earnings to gauge the direction of the Indian stock market. Stay tuned for more updates as the day progresses.
