Indian Markets Open Higher Amid Trade Deal Uncertainty
Indian benchmark indices opened higher on Monday despite mixed global cues and ongoing trade deal uncertainties. The Sensex ROSE 133.85 points (0.17%) to 80,733.76, while the Nifty 50 gained 62.80 points (0.26%) to 24,628.15. Early strength in the Gift Nifty index, signaling a 70-point uptick, contributed to the positive opening.
Market sentiment remains cautiously optimistic as investors navigate volatility and unresolved US-India trade negotiations. Persistent foreign institutional investor (FII) selling and mixed Q1 earnings further weigh on the outlook. "Lingering concerns over India’s trade pact with the US and FII selling will continue to pressure sentiment," noted Prashanth Tapse of Mehta Equities.
The Gift Nifty’s early gains suggest resilience, but global trade tensions and domestic headwinds keep the market on edge. Dr. VK Vijayakumar of Geojit Investments emphasized the critical role of trade negotiations in shaping near-term direction.