Indian stocks are likely to start the week on a positive note after the United States launched an attack on Venezuela and detained its president, sparking optimism among investors.
Market outlook for Monday
Pre‑market data from the Gift Nifty index shows it up about 0.3%, suggesting the main benchmarks will open higher.
What happened last week?
On Friday, both the Sensex and Nifty ended in the green. The Sensex gained 573 points to finish at 85,762, while the Nifty closed at a record 26,329, up 182 points. Broad buying and good expectations for the upcoming earnings season helped push the market to new highs.
Stocks that could move today
- ONGC – May react to any changes in oil prices after the US action in Venezuela.
- Avenue Supermarts (DMart) – Reported a 13% jump in quarterly revenue, which could boost its shares.
- Bajaj Finance – New loan disbursements rose 15% year‑on‑year, a sign of strong demand.
- Marico – Delivered steady results, supported by solid demand in its core markets.
- Yes Bank – Loans grew 5.2% in the last quarter, indicating healthy credit growth.
- Bajaj Auto – Exports to Venezuela are tiny, so the recent political news likely won’t affect it much.
- NTPC – Talks are under way to buy a small stake in U.S. nuclear‑fuel firm Clean Core Thorium Energy.
- Vedanta – Reported record production in several of its businesses for the quarter.
- Hindustan Zinc – Hit all‑time high output in both mined and refined metals.
- IDBI Bank – Total business rose 12% year‑on‑year, driven by growth in loans and deposits.
Bottom line
With global headlines turning positive for oil markets and Indian indices already in a bullish trend, many investors may look for buying opportunities, especially in the companies listed above.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.