Indian benchmark indices Sensex and Nifty are expected to open on a cautious note on Monday, tracking weak global cues, rising crude oil prices, and ongoing geopolitical tensions in West Asia.
Investor sentiment remains subdued amid concerns over escalating tensions between the United States and Iran, which have pushed crude oil prices sharply higher. Market participants are also monitoring global market trends, foreign investor activity, and movements in the US dollar index.
On the domestic front, quarterly earnings announcements are likely to remain a key focus area for investors during today’s trading session.
Indian equity markets closed lower on May 8 amid cautious investor sentiment.
The Nifty 50 declined 150.50 points, or 0.62%, to close at 24,176.15, while the Sensex dropped 516.33 points, or 0.66%, to settle at 77,328.19.
GIFT Nifty was trading at 24,112, down 127 points or 0.53%, indicating a weak opening for the domestic equity benchmarks.
Asian markets traded mostly higher during early Monday trade despite rising geopolitical tensions and a sharp rise in crude oil prices.
Japan’s Nikkei 225 gained 0.81%, while the Topix advanced 0.32%. South Korea’s Kospi touched a fresh record and surged 3.67%, while the Kosdaq traded marginally higher.
Meanwhile, Australia’s S&P/ASX 200 slipped 0.71% during the session.
US stock futures traded lower in early Monday trade, reflecting cautious global sentiment.
Futures linked to the Dow Jones Industrial Average fell 189 points, or 0.3%.
However, US stock markets had ended higher on Friday. The Nasdaq Composite jumped 440.88 points, or 1.71%, to close at 26,247.08. The S&P 500 gained 61.82 points, or 0.84%, to settle at 7,398.93.
The Dow Jones Industrial Average edged up 12.19 points, or 0.02%, to end the session at 49,609.16.
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The US Dollar Index (DXY), which measures the dollar against a basket of six major foreign currencies, traded 0.11% higher at 98 on Monday morning.
The index tracks the performance of the US dollar against currencies including the British Pound, Euro, Swedish Krona, Japanese Yen, and Swiss Franc.
Meanwhile, the Indian rupee appreciated 0.22% to close at 94.47 against the US dollar on May 8.
Crude oil prices remained in focus amid escalating tensions between the United States and Iran.
In early Monday trade, West Texas Intermediate (WTI) crude rose 3.67% to $99.04 per barrel, while Brent crude climbed 3.44% to $104.81 per barrel.
Higher crude oil prices may impact inflation expectations and weigh on market sentiment going forward.
Foreign institutional investors (FIIs) remained net sellers in the Indian equity market on May 8, offloading shares worth Rs 4,111 crore.
On the other hand, domestic institutional investors (DIIs) continued their buying support and purchased equities worth Rs 6,748 crore during the session.
Indian stock markets are likely to witness a cautious and volatile trading session amid weak GIFT Nifty indications, rising crude oil prices, and geopolitical uncertainty in West Asia. Investors will closely track global market trends, institutional flows, currency movements, and quarterly earnings announcements for further direction.
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Published on: May 11, 2026, 8:17 AM IST
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