Indian stocks seen opening higher after 25-year longest weekly slide as Fed hike worries and oil prices ease
AI Market Summary
Indian equities are set to open higher as softer-than-expected US jobs data lowers perceived Fed hiking risk, improving risk appetite for emerging markets. A modest pullback in Brent crude also eases inflation and external-balance concerns, though sustained equity recovery remains sensitive to oil and foreign outflows. Net foreign selling continues but is being partially offset by domestic institutional buying.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT-1.04%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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Indian shares are expected to open higher on Monday after logging their longest weekly losing streak in 25 years, as fears of aggressive U.S. monetary tightening eased and oil prices pulled back. Brent crude fell 0.6% to $101.6 a barrel, while other Asian stock markets rose 0.2%. Foreign portfolio investors were net sellers for a sixth straight session, selling 94.84 billion rupees of shares on Thursday, according to provisional NSE data. Domestic institutional investors bought 100.42 billion rupees of equities, partly offsetting the outflows.
