Stock Market Tickers Point to Optimistic Opening for Nifty 50 and Sensex Amid Global Tensions

Indian Stock Market Outlook

The Sensex and Nifty 50 are expected to open on a steady note on Monday, amidst mixed global market cues. Investors are closely watching the latest developments in the US-Iran war, which has entered its third week.

Market Trends The Gift Nifty, a popular indicator, is trading at a premium of nearly 121 points from the Nifty futures' previous close, indicating a positive start for the Indian benchmark index. The Gift Nifty is currently trading around 23,320.

Global Markets Asian markets traded mixed, with the MSCI's broadest index of Asia-Pacific shares outside Japan edging up 0.1%. The US stock market ended lower last week, on worries over global oil supply disruptions due to the Middle East war.

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Oil and Gold Prices Crude oil prices pared early gains after US President Donald Trump called on other countries to help safeguard the Strait of Hormuz. Brent crude futures fell 0.23% to $102.90 a barrel, while US West Texas Intermediate crude price slipped 1.08% to $97.64 a barrel.

Gold Prices Gold prices were steady, with the spot gold price unchanged at $5,017.53 per ounce. US gold futures for April delivery fell 0.8% to $5,020.90. The spot silver price rose 0.4% to $80.88 per ounce.