Indian equity benchmarks, Sensex and Nifty50, are likely to open on a positive note today, supported by a combination of factors including the final batch of Q4 earnings, US President Trump's decision to delay tariffs on the EU, mixed cues from global markets, and continued institutional activity. As of 6:35 AM, GIFT Nifty futures were trading 42 points higher at 24,922, indicating a firm start for the domestic bourses.
On Friday, the 30-share benchmark index ended at ended at 81721.08 up by 769.09 points or by 0.95 % and then NSE Nifty was at 24853.15 up by 243.45 points or by 0.99 %.
On the global front, Asia-Pacific markets advanced on Monday after US President Donald Trump announced an extension to the deadline for imposing 50 per cent tariffs on imports from the European Union to July 9, easing investor concerns.
Last checked, Nikkei was up 0.7 per cent, while the broader Topix index gained 0.53 per cent.The Kospi climbed 0.7 per cent in early trading, while ASX 200 was trading flat.
US stock futures edged higher during early Asia trading hours. US markets will remain closed Monday on the account of Memorial Day.
On Friday, Wall Street closed lower across the board. The S&P 500 fell 0.67 per cent, the Nasdaq Composite dropped 1 per cent, and the Dow Jones Industrial Average declined 0.61 per cent.
Investors also await ECB President Lagarde's speech later in the day.
Back home, on the institutional activity front, foreign institutional investors (FIIs) net bought shares worth 1,794.59 crore. Similarly, domestic institutional investors (DIIs) bought shares worth Rs 299.78 crore on May 23.