Indian benchmark indices Sensex and Nifty 50 are likely to open lower on Monday, December 15, as weak Asian market overnight cues follow a decline in US equities on Friday.

This week, investors will track WPI inflation data, foreign investor activity, and global developments for market direction.

However, on Friday, December 12, Indian equities extended gains for a second consecutive session, supported by positive global sentiment after the US Federal Reserve cut interest rates.

Domestic Market Recap

On Friday, Indian indices closed in the green:

• Sensex soared by 450 points (0.53%) to close at 85,267.66
• Nifty 50 moved up by 148 points (0.57%) to settle at 26,046.95

Gift Nifty

Gift Nifty was trading near 26,037, around 98 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

The US stocks fell on Friday as investors shifted funds out of technology shares and into value-focused sectors.

• The Dow Jones Industrial Average slumped by 245.96 points (0.51%) to close at 48,458.05.
• S&P 500 down by 73.59 points (1.07%), ending at 6,827.41.
• The Nasdaq Composite was lower by 398.69 points (1.69%), finishing at 23,195.17.

Gold Prices

• Spot gold was trading 0.6% higher at $4,327.45 per ounce.
• The US gold futures soared by 0.79% to $4,362.35.

Crude Oil Prices

• Brent crude surged by 0.33% to $61.45/barrel
• US West Texas Intermediate (WTI) crude was trading 0.54% higher at $57.55/barrel

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