GIFT Nifty Signals Strong Opening Benchmark for Nifty, Sensex; Brent Crude Drops 4% to $96/Barrel
मुख्य बातें
- •GIFT Nifty trades at 23,989.50, indicating a potential 270-point gap-up open for Nifty 50 compared to Friday’s close of 23,719.30.
- •Brent Crude oil prices fell 4% to $96 per barrel, easing inflationary pressures and supporting risk assets.
- •Analysts cite stable global cues and softer commodity prices as key drivers of positive market sentiment.
- •Investors urged to monitor sectoral trends and upcoming RBI policy signals amid cautious optimism.
Global oil prices eased sharply on Monday, with Brent Crude falling over 4% to trade at $96 per barrel, providing relief to inflationary pressures and supporting equity markets. The decline in crude oil prices comes amid expectations of lower demand and potential supply adjustments by major producers. This trend is expected to positively influence market sentiment as India, a major importer of crude oil, stands to benefit from reduced fuel costs.
The early indicator for the Indian equity market, GIFT Nifty, showed a strong upward bias, trading at 23,989.50 as of the latest update. This level is significantly higher than Friday’s closing value of 23,719.30 for the Nifty 50, suggesting a potential gap-up opening for both the Nifty 50 and the Sensex when the domestic markets open for trading. Such a move would mark a continuation of cautious optimism in Indian equities, supported by stable global cues and softer commodity prices.
