Indian Equity Markets Open Strong

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Monday, with Nifty50 crossing the 24,400 mark and BSE Sensex surpassing 80,700. By 9:22 AM, Nifty50 was trading at 24,431.65, up 85 points or 0.35%, while BSE Sensex stood at 80,775.82, up 274 points or 0.34%.

Market Analysts Weigh In

Market analysts predict share-specific movements to dominate trading, with potential fluctuations from global political issues. Key financial results from M&M, Indian Hotels, Coforge, and CAMS are eagerly awaited.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlights a significant shift in FII strategy from selling to buying, injecting resilience into the market. However, concerns over India's retaliatory actions to terrorist strikes may temper the FII-led rally.

Global Market Trends

US equities continued their upward trajectory, buoyed by strong economic indicators and optimism over US-China trade relations. Meanwhile, oil prices dipped following OPEC+'s decision to ramp up production, and Asian markets tread cautiously amidst holiday closures.

Gold prices edged higher, benefiting from the dollar's weakness, as investors await the Federal Reserve's policy announcement and clearer signals on US-China trade relations.