The GIFT Nifty signaled a positive start for Indian equity markets, mirroring gains in Asian markets and the U.S. markets on Monday [1, 5]. Several Asian markets, including Japan, South Korea, and Hong Kong, were closed for Vesak Day [2, 11].
U.S. stock markets experienced a rally on Friday, driven by strong jobs data and hopes for U.S.-China trade talks [4, 9]. The S&P 500 and Nasdaq Composite each rose by 1.5%, while the Dow Jones Industrial Average added 1.4% [4]. However, U.S. futures traded lower on Monday morning [2].
According to the BSE Sensex, Nifty 50 Today Live reports, Indian markets are expected to perform well, building on the momentum from the U.S. gains [1, 5]. At 9:22 AM, Nifty50 was trading at 24,431.65, up 85 points or 0.35%, while BSE Sensex was at 80,775.82, up 274 points or 0.34% [5]. Market analysts anticipate stock-specific movements to lead trading activities, with potential fluctuations due to global political issues [5].