Indian Stock Markets Expected to Open Higher as Crude Oil Prices Fall
Published
Indian stock markets are expected to continue their recent rally and open higher on Monday, according to market reports. The main reason for the positive outlook is a sharp fall in the price of crude oil, which is raw oil used to make fuel and many other products.
Crude oil prices matter a great deal for India. The country imports most of the oil it uses, so when prices fall, the cost of fuel and transport can ease for businesses and households. Lower oil prices can also reduce pressure on inflation, which is the general rise in the cost of goods and services. For this reason, investors often respond quickly when oil prices move sharply.
Market watchers are also tracking the Gift Nifty, a futures contract traded outside India that gives an early signal of how the Nifty 50 index may open. Reports also point to a selloff in technology stocks, which can weigh on indices because large IT companies have a big influence on the overall market. Investors will therefore be watching how these shares perform alongside the wider trend.
The Sensex, which tracks 30 large companies listed on the Bombay Stock Exchange, and the Nifty 50, which tracks 50 major companies on the National Stock Exchange, are the two main benchmarks followed by investors in India. Analysts usually highlight several key factors before each trading day, and changes in global commodity prices are among the most important. Investors are advised to watch official market data as the session begins, because conditions can change quickly.
Sources: NDTV Profit
More India news
- Cheaper Batteries Make Solar and Wind the Lowest-Cost Power Source in India, Says BNEF
- Why Money Flowing Out of India Is Drawing Attention
- Qualcomm Layoffs: What Severance Will Former Employees in India Receive?
- Suriya's Cop Comedy 'Scene' Earns Rs 111 Crore in Five Days at the Box Office
- Ajay Devgn's Drishyam 3: The Conclusion Passes Rs 588 Crore Worldwide After 40 Days
- Ramayana: Part 1 Continues Strong Box Office Run with Rs 440 Crore Collection
- Government Uses Online Marketplace to Buy Farm and Allied Sector Goods
- World Bank Estimates Extreme Poverty in India at 2.6 Per Cent, Sparking Debate