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The Indian stock market is poised for a positive opening on Monday, driven by encouraging global market trends. Asian markets have shown an upward trend, and the US stock market ended last week on a high note amid significant economic data releases. “Easing in FII selling and healthy domestic macro data supported the positive sentiments in the market. Overall we expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd. Indian stock market set to open higher on positive global cues and strong domestic macro data. Asian Markets Asian markets traded higher on Monday ahead of key economic data from China and India later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.1%, having slipped 1.5% last week and away from a two-year peak. Japan’s Nikkei 225 gained 0.39% and the Topix rose 0.4%. South Korea’s Kospi added 0.3%, while the Kosdaq gained 0.35%. Hong Kong’s Hang Seng index futures indicated a stronger open. Gift Nifty Today Gift Nifty was trading around the 23,030 level, a premium of nearly 15 points from the Nifty futures’ previous close, indicating a flat-to-positive positive start for the Indian stock market indices. Wall Street The US stock market ended higher on Friday, with the Nasdaq recording a fifth straight week of gains and record closing high. The Dow Jones Industrial Average gained 4.33 points, or 0.01%, to 39,069.59, while the S&P 500 rose 36.88 points, or 0.70%, to 5,304.72. The Nasdaq Composite closed 184.76 points, or 1.10%, higher at 16,920.79. For the week, the Dow declined 2.34%, the S&P gained 0.03% and the Nasdaq rallied 1.41%. Bank of Japan The Bank of Japan (BOJ) will…

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Filed under: News - @ May 27, 2024 7:12 am