Explained: Key Events Affecting Domestic Markets Today

The Indian benchmark indices opened on strong note followed by Mahayuti’s victory in Maharashtra's legislative assembly elections. Sensex gained over 1.79% at 80,458.40 while Nifty was up by 1.82% at 24,341.75.

Here’s a list of things that changed for the domestic market:

Gifty Nifty

Gifty Nifty rose by 433.3 points from Friday's close on Nifty Futures, buoyed by positive global cues.

Global market performance

While Asia-Pacific shares surged by 1.6%, U.S. S&P 500 futures rose by 0.5%. Japan’s Nikkei surged by 1.6% and South Korea's Kospi was up by 1.5%. The Australian stock market was also up by 0.7%, clocking an all-time high. Overall, the positive global cues are helping the domestic markets as well.

Crude Oil

Crude oil prices touched two-week highs due to rising tensions between western nations and oil-producing nations. While Brent crude futures were up by 0.2% at $75.30 per barrel, US West Texas Intermediate crude futures surged by 0.2% to settle at $71.38.

Russia-Ukraine war

The intensification of the Russia-Ukraine war has dampened investor sentiments. Recently, Ukrainian forces used British-made long-range Storm Shadow missiles to attack Russia.