GIFT NIFTY futures point to a flat opening for Indian markets as investors watch global cues and rising crude oil prices. The futures advanced 10 points to 23,129, reflecting cautious sentiment amid a surge in crude oil prices above $108 per barrel.
- GIFT NIFTY futures rose slightly, indicating a muted market start.
- Foreign institutional investors bought shares worth ₹1,165.92 crore on Friday.
- Domestic institutional investors sold shares worth ₹3,661 crore on the same day.
- Crude oil prices briefly touched $110 per barrel due to Middle East tensions.
- Major banks like HDFC Bank and ICICI Bank will announce quarterly earnings soon.
Why are Indian markets expected to open flat?
The Indian equity benchmarks are expected to open on a flat note as indicated by NIFTY futures traded at GIFT City in Gandhinagar. Although the futures advanced 10 points to 23,129, weak global market cues and rising crude oil prices have created uncertainty among investors. The surge in crude oil prices above $108 per barrel has dampened market sentiment.
How did the Indian stock markets perform recently?
On Friday, the Indian stock markets showed positive momentum. The SENSEX ended 414 points higher at 74,729, and the NIFTY50 index advanced 149 points to close at 23,146. This marked the second consecutive session of gains, supported by a decline in crude oil prices earlier in the day and positive trends in other global markets.
What is the impact of crude oil prices on the markets?
Crude oil prices have a significant impact on market sentiment. Brent crude oil briefly touched $110 per barrel on Friday, the highest since May, due to tensions and security threats in the Middle East. These concerns raised fears about the safety of shipping routes and tighter global energy supplies. Although Brent crude futures later declined by as much as 1.9%, they remained close to $108 per barrel.
What are the recent developments in global energy trade affecting crude prices?
US President Donald Trump waived sanctions and tariffs on Russia, allowing increased Russian fuel exports to the United States. This move followed a deal between Trump and Russian President Vladimir Putin to export diesel to the US. Analysts suggest this could increase fuel supply and affect crude prices. However, Ukrainian President Volodymyr Zelenskiy criticized the US actions, stating they would harm Ukraine.
What was the activity of institutional investors in the Indian markets?
On Friday, foreign institutional investors (FIIs) bought shares worth ₹1,165.92 crore, showing confidence in the market. In contrast, domestic institutional investors (DIIs) sold shares worth ₹3,661 crore, indicating caution. This mixed activity reflects differing views on market prospects amid global uncertainties.
Which companies are expected to announce quarterly earnings soon?
Investors are closely watching the quarterly earnings announcements scheduled for Saturday. Major banks such as HDFC Bank, ICICI Bank, YES Bank, and Axis Bank will release their September quarter results. Additionally, 35 companies listed on the Bombay Stock Exchange (BSE) are set to announce their Q2 FY27 earnings today. These include Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank of India, Piramal Finance, LT Technology Services, HFCL, Indian Renewable Energy Development Agency, Sobha, and Waaree Renewable Technologies.
