Indian Stock Market Set for Cautious Opening Amid Global Tensions

Original: From Gift Nifty, US-Iran war, oil prices to gold rates: 8 key things that changed for Indian stock market overnight

Mint•Apr 7, 20263 min

In a Nutshell

The Indian stock market is expected to open cautiously as investors monitor developments in the US-Iran war. The Sensex and Nifty 50 both saw gains of over 1% on Monday, but the Gift Nifty indicates a potential negative start today. Global oil prices are rising, while gold rates remain steady.

Key Points

01Sensex rose by 787.30 points to close at 74,106.85.
02Nifty 50 increased by 255.15 points to end at 22,968.25.
03Gift Nifty indicates a potential negative start with a 91-point discount.
04Crude oil prices are up, with Brent crude at $110.34 per barrel.
05Gold prices remain steady, with spot gold at $4,646.69 per ounce.

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Full Summary

The Indian stock market's benchmark indices, the Sensex and Nifty 50, are anticipated to open on a cautious note on Tuesday following strong gains the previous day. On Monday, the Sensex surged 787.30 points (1.07%) to close at 74,106.85, while the Nifty 50 rose 255.15 points (1.12%) to settle at 22,968.25. However, the Gift Nifty is trading at a discount of 91 points, suggesting a potentially negative start today. Global markets reacted positively to developments regarding the US-Iran war, with Asian markets also trading higher. Notably, crude oil prices have risen, with Brent crude futures reaching $110.34 per barrel, driven by US President Donald Trump's threats against Iran. Meanwhile, gold prices remain stable, with spot gold priced at $4,646.69 per ounce, as investors await further developments.

Key Figures

₹787.30

Increase in Sensex points

₹255.15

Increase in Nifty 50 points

$110.34

Brent crude price per barrel

$4,646.69

Spot gold price per ounce

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Why It Matters

The cautious opening of the stock market may affect investor confidence and trading strategies, particularly in sectors sensitive to oil prices and geopolitical developments.

Who is affected

investors, traders, and sectors reliant on oil and gold prices

What to know

Investors should monitor global developments closely and consider stock-specific opportunities.

FAQ

The gains were driven by positive sentiment from global markets and anticipation of a ceasefire in the US-Iran conflict.

Rising crude oil prices, influenced by geopolitical tensions, can impact inflation and economic growth, affecting investor sentiment.

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