The benchmark Indian indices Sensex and Nifty 50 are likely to open lower on Monday, tracking weak overnight signals from global markets.

Asian markets declined, while US equities closed flat last week, as investor sentiment stayed under pressure following US President Donald Trump’s fresh tariff threats against Europe linked to Greenland.

This week, investors will track several key market drivers, including ongoing Q3 earnings, developments in the US–Iran conflict, tariff-related news, progress in India–US trade talks, movements in crude oil prices, gold and silver prices, FPI flows, and other important domestic and global macroeconomic data.

However, on Friday, Indian equities closed higher and ended a two-day losing streak, supported by gains in major IT stocks.

Domestic Market Recap

On Friday, Indian indices closed in the green:

• Sensex gained by 187.64 points (0.23%) to close at 83,570.35
• Nifty 50 moved up by 28.75 points (0.11%) to settle at 25,694.35

Gift Nifty

Gift Nifty was trading near 25,592, around 160 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

The US stock market closed Friday’s volatile session almost unchanged ahead of the long weekend, while all three major indices ended the week with losses.

• The Dow Jones Industrial Average slumped by 83.11 points (0.17%) to close at 49,359.33.
• S&P 500 down by 4.46 points (0.06%), ending at 6,940.01.
• The Nasdaq Composite was lower by 14.63 points (0.06%), finishing at 23,515.39.

Gold Prices

• Spot gold was trading 1.59% higher at $4,669.28 per ounce.
• The US gold futures were higher by 1.73% at $4,674.64.

Crude Oil Prices

• Brent crude slipped by 0.41% to $63.87/barrel
• US West Texas Intermediate (WTI) crude was trading 0.40% lower at $59.20/barrel

Overnight Major Global Events Driving Sentiment

1. Trump’s Tariff Threat: US President Donald Trump said he will impose progressively higher tariffs on Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK and Norway until the United States is allowed to purchase Greenland.
2. Japanese Bond Yields: Japanese government bond yields surged to levels last seen nearly 27 years ago. The 10-year JGB yield climbed 3.5 basis points to 2.215%, its highest level since February 1999, while the two-year yield edged up 0.5 basis points to 1.2%.

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