The Indian stock market is set to open on a positive note today, following the trend of global markets. Asian stocks are near a weekly gain, with the Nikkei reaching a record high. The surprise rate cut by the Swiss National Bank has boosted investor sentiment, leading to expectations of more central banks lowering borrowing costs.
Gift Nifty futures are trading higher, indicating a strong opening for the Indian markets. At 8 am, Gift Nifty was at 22,071, 60 points ahead of Nifty 50’s Thursday close of 22,011.95.
In commodities, Brent crude fell to $85.35 a barrel, while U.S. crude eased to $80.66 per barrel. Spot gold was down at $2,174.89 an ounce after hitting an all-time high on Thursday.
Overall, the global market trends and Gift Nifty futures suggest a positive start for Indian markets today. Investors will be closely watching the market movements and key developments throughout the trading session.
