Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday following weakness in global markets.
Asian markets traded lower, while the US stock market slipped last week, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks.
This week, investors will closely monitor key stock market triggers, including Maharashtra Assembly elections, flows of foreign funds, Middle-East geopolitical tensions, US bond yields, the US dollar, trends in crude oil prices, global market cues, and other domestic and global macroeconomic data.
Indian markets were closed on Friday on account of Guru Nanak Jayanti.
On Thursday, the Indian stock market indices ended lower, extending losses for the sixth consecutive session.
The Sensex declined 110.64 points, or 0.14%, to close at 77,580.31, while the Nifty 50 settled 26.35 points, or 0.11%, lower at 23,532.70.
“Nifty 50 ended lower for second week in a row falling 2.55% and fell for 6 out of the past 7 weeks as earnings from India Inc. continued to weigh on investors’ sentiment at a time when increase in safe–haven assets like the dollar index, and US treasury yields weighed on risk assets like emerging markets’ equities. Nifty could stay in the 23,338 – 24,099 band in the coming week with a higher chance of a bounce beginning soon,” said Deepak Jasani, Head of Retail…
