Indian stock market: 5 key things that changed for market over weekend - Gift Nifty, oil prices to FPI outflows

Gift Nifty was trading around 21,94 level, as compared with Nifty futures’ previous close of 21,849, indicating a gap-up start for the Indian stock market indices.


Indian stock market: The domestic equity indices are expected to open higher on Monday amid mixed global market cues. While most Asian markets were closed for holiday, US stock market ended mostly higher on Friday led by tech stocks fueled by Investors would watch out for several stock market triggers including the key inflation data this week, after the hawkish commentary from the US Federal Reserve and RBI, and their focus on bringing inflation under control. The ongoing Q3 results, crude oil prices, foreign capital inflow, and other global cues will also be in focus.

On Friday, the Indian stock market indices ended higher amid volatility aided by a rebound in financial stocks amid mixed global market cues. The gained 167.06 points, or 0.

23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.

3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results.

“The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession. That it may be a while before the central banks would go in for a rate cut has not pleased many, though the expectation is that the central banks would ultimately relent, and that peak rates are behind us," said Joseph Thomas, Head of Research, Emkay Wealth Management. According to Thomas, while fundamentally the markets remain good, some amount of profit b.