Benchmark indices Sensex and Nifty 50 are likely to open lower on Monday, tracking negative cues from global markets. Asian markets were in the red, while US equities closed higher last week, supported by progress in the US-China tariff agreement.

This week, market participants will keep a close eye on several key factors, including Q4 earnings reports, high-frequency economic data, developments in global trade negotiations, and any news related to India-Pakistan tensions.

On Friday, domestic indices ended slightly lower as investors booked profits at higher levels following a strong rally.

Domestic Market Recap

On Friday, Indian indices closed in the red:

• Sensex dropped by 200.15 points (-0.24%) to close at 82,330.59
• Nifty 50 moved down by 42.30 points (-.017%) to settle at 25,019.80

Gift Nifty

Gift Nifty was trading near 25,065, around 13 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Wall Street Performance

The US stock market closed higher on Friday, marking its fifth consecutive session of gains, driven by optimism over the US-China tariff agreement.

• Dow Jones: 331.99 pts (0.78) to 42,654.74
• S&P 500: 41.45 pts (0.70%) to 5,958.38
• Nasdaq closed 0.52% higher by 98.78 at 19,211.10

Gold Prices

• Spot gold increased by 1.4% to $3,247.40/oz 
• US gold futures gained by 2% to $3,251.90

Crude Oil Prices

Crude oil prices remained largely steady as investors awaited the results of Iran-U.S. nuclear negotiations and upcoming key economic data from China.

• Brent crude gained by 0.03% to $65.43/barrel
• US West Texas Intermediate (WTI) crude: 0.05% to $62.52/barrel

US Dollar: 

The US dollar ended its four-week winning streak on Friday:

• It declined 0.3% against the Japanese yen, settling at 145.22.
• It fell 0.2% versus the Swiss franc.
• The euro rose 0.2% to $1.1185.
• The British pound (Sterling) edged up 0.1% to $1.3299.

Major Global Events Driving Sentiment

1. Trump Tariff Threat: President Donald Trump will enforce the tariff rates he previously warned of on trade partners that fail to engage in negotiations “in good faith,” according to Treasury Secretary Scott Bessent in televised interviews, as reported by Reuters.
2. Moody’s Downgrades US Credit Rating: Moody’s has downgraded the United States’ sovereign credit rating by one notch, citing rising concerns over the country’s ballooning $36 trillion debt. The agency lowered the rating from “Aaa” to “Aa1” and shifted the outlook from “negative” to “stable.”

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!