Indian Equity Benchmarks Open Strong

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Monday. While BSE Sensex went above 79,600, Nifty50 crossed 24,150. At 9:20 AM, BSE Sensex was trading at 79,582.96, up 370 points or 0.47%. Nifty50 was at 24,131.35, up 92 points or 0.38%.

Key Factors Influencing the Market

In this shortened trading week coinciding with the month's start, auto sales figures will be a crucial focus for traders. Market watchers will analyse the IIP figures and HSBC Manufacturing PMI Final statistics. The ongoing India-Pakistan situation also remains significant for market sentiment.

Expert Insight on Market Resilience

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "The heightened uncertainty relating to Indo-Pak tensions will weigh on the markets. It is very difficult to judge how much the market has discounted. Going by the resilience of the market, it can be said that the market has not discounted a scenario of the tensions culminating in a war between the two countries. It is important to remember that markets have an uncanny ability to surprise by climbing many walls of worries.

Global Market Trends

US equities advanced on Friday, recording weekly gains as investors evaluated corporate results and monitored potential improvements in US-China trade relations. Asian shares moved higher cautiously at opening as markets monitor US trade talks with the region and await potential stimulus measures from China.