Market Mastery
Webinar by Vishal Malkan
Find the weak links
in your portfolio by Vishal Malkan
Indian benchmark indices Sensex and Nifty are likely to open firm on Monday, with GIFT Nifty trading with mild gains as Asian markets rebounded from last week's technology-led selloff and crude oil prices declined further. Improving global sentiment, renewed foreign portfolio inflows and easing geopolitical concerns could support domestic equities. However, lingering worries over artificial intelligence investments may keep investors cautious.
GIFT Nifty was trading at 25,045 around 8 am, up 55 points, or 0.22 percent, from Sunday's close, signalling a modestly positive start for Indian equities. During the special Diwali trading session on November 8, the Sensex slipped 28.62 points, or 0.04 percent, to 80,999.40, while the Nifty declined 43.95 points, or 0.18 percent, to 24,986.40, surrendering early gains. The indices had rallied sharply on Friday, closing at eight-month highs, with the Nifty reclaiming the 25,000 mark for the first time since February 27. The Nifty surged 8.6 percent during the preceding week.
Asian markets rebound after last week's AI stock rout
Asian equities advanced on Monday as investors returned to technology-heavy markets following a turbulent week marked by concerns over artificial intelligence profitability, semiconductor demand and tighter US regulation.
Share Markets Live Updates | Sensex, Nifty, GIFT Nifty Today
Japan's Nikkei jumped 2.5 percent, while Taiwan's benchmark index also gained around 2.5 percent, recovering from its steepest weekly decline in two decades. South Korean equities registered modest gains after last week's sharp selloff amid fears of a slowdown in AI infrastructure investments. The MSCI index of Asia-Pacific shares outside Japan rose 0.8 percent, following a 4.6 percent decline last week.
US stock futures also edged higher, with S&P 500 e-mini futures trading marginally in positive territory.
The recovery came as investors reassessed the outlook for the AI sector following the Democrats' sweeping victory in the US midterm elections, which had raised concerns about increased regulatory scrutiny and potential delays in data centre construction.
Wall Street rebounds as Nasdaq gains 1.1 percent; Brent crude falls below $98
US equities staged a recovery on Friday after a bruising selloff earlier in the week wiped trillions of dollars off global stock market valuations. The Nasdaq Composite gained 1.1 percent, while the S&P 500 rose 0.31 percent, supported by advances in technology, communication services and industrial stocks. However, the Dow Jones Industrial Average declined 0.46 percent.
Crude oil prices declined on Monday after US President Donald Trump indicated that fresh military strikes against Iran were highly unlikely while negotiations to end the Middle East conflict continued to make progress.
Brent crude fell 84 cents, or 0.85 percent, to $97.48 a barrel, while West Texas Intermediate declined 32 cents, or 0.35 percent, to $90.51 a barrel. Brent crude had plunged approximately 17 percent last week
Can Indian markets sustain their recent rally?
Ponmudi R, CEO of Enrich Money, said the immediate focus for Indian equities would be whether underlying buying interest could sustain the recent advance, particularly amid lingering global concerns surrounding the AI trade. He highlighted broader market resilience as an important positive, while relatively stable crude oil prices, a firming rupee and the resumption of foreign portfolio inflows continued to support domestic market sentiment.
