Stock Markets Open Flat Amid Cautious Sentiments: Key Global Developments in Focus
Indian stock markets saw a cautious start to the week with minor gains, overshadowed by persistent foreign fund outflows and valuation concerns. Global developments, including fiscal changes in Japan and US-Israel peace talks, partially buoyed investor sentiment. Meanwhile, focus shifts to upcoming earnings season and key IPO launches.
- Country:
- India
Indian stock markets commenced the week on a cautious note, with the Nifty 50 gaining a marginal 22.30 points to reach 24,916.55, and the BSE Sensex rising slightly by 67.62 points to 81,274.79. Investors remain wary as foreign fund outflows and valuation issues persist.
Market expert Ajay Bagga highlighted that India's stock underperformance, spanning 13 months, is linked to foreign investor sell-offs and disappointing earnings. As the earnings season approaches, beginning October 9, market dynamics are expected to center on corporate results.
In global markets, Japan's Nikkei 225 surged 4.6% after the ruling party's election of a pro-reform candidate as prime minister. Moreover, peace negotiations moderated by US President Donald Trump involving Hamas, momentarily comforted investors, though the conflict's minimal scale limited broader market impact.
(With inputs from agencies.)
Google News