India’s Nifty and Sensex look to open the week on a cautious note this Monday.
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- India’s Nifty and Sensex look to open the week on a cautious note this Monday.
- Nifty and Sensex cheered global optimism last week, as soft US Retail Sales rekindled dovish Fed expectations.
- Nifty and Sensex traders brace for a relatively light India’s economic docket and Fed Minutes from the US.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are poised to open the week on a mixed note on Monday, having logged a weakly gain. The Indian indices look to consolidate the previous week’s upward trajectory, led by an upsurge in banks and auto sector stocks and weak US Retail Sales data-driven dovish Fed expectations.
The National Stock Exchange (NSE) Nifty 50 added 0.59% on the day to settle just below the all-time high of 22,126. The Bombay Stock Exchange (BSE) Sensex 30 gained 0.52% to close just shy of the 72,500.
Chinese markets reopened after a week-long Lunar New Year holiday while the US stock markets are closed on Monday, in observance of Presidents’ Day.
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