Stock Market Update: Indian Shares May Open Lower, Tracking Global Cues

Indian Stock Market Outlook

The Indian stock market is expected to start the day on a weaker note, following negative trends in Asian markets. The Sensex and Nifty 50, India's benchmark indices, may open lower on Monday, December 15, after US equities closed lower on Friday.

Key Market Cues

• WPI inflation data will be closely watched, along with foreign investor trading activity and global market trends, to determine the direction of the Indian stock market this week.
• The Rupee's performance and Foreign Institutional Investor (FII) flows will also be crucial in shaping the market's trajectory.

Global Market Trends

Asian markets began the week on a negative note, with the MSCI regional equity index slipping 0.4% and South Korea's market dropping over 2%. US equity-index futures were volatile, while European markets showed a mixed trend.

Expert Insights

According to Vinod Nair, Head of Research at Geojit Investments Limited, "Global risk appetite improved after the US Fed rate cut, boosting liquidity optimism and lifting domestic equities despite the Rupee hitting record lows and continued FII outflows."

Other Market Updates

• The Dollar started the week on a softer note, while the Euro and Pound remained steady ahead of key central bank decisions.
• Gold prices steadied after four consecutive sessions of gains, with bullion hovering near $4,305 an ounce.
• Oil prices rebounded, supported by renewed optimism in global financial markets, with West Texas Intermediate climbing toward $58 a barrel.
• Bitcoin prices slipped below $89,000, amid subdued weekend trading, as investors grew cautious ahead of a packed week of economic data releases and central bank announcements.