Indian Stock Market: 10 Key Weekend Developments – From Gift Nifty to US Jobs Data

Indian stock market: The national equity benchmark indexes, Sensex and Nifty 50 are likely to trade lower on Monday, based on the mixed market indicators from around the world.

Asian markets were mostly lower, whereas they US stock market closed higher on Friday, with Wall Street witnessing the biggest week-long decline in a few months.

Here are some key market indicators for Sensex this morning:

Asian Markets

Asian markets were mixed on Monday. Hong Kong's Hang Seng index futures indicated that the market was more optimistic for opening.

Gift Nifty Today

Gift Nifty was trading around 22600, a gap by 50 points over the previous close, signalling that the market is not in a good place. Indian indexes in the market for stocks.

Wall Street Today

US markets ended up on Friday, after Federal Reserve Chair Jerome Powell stated that the economy is "in a good place". The market, however Wall Street experienced the largest drop in a while amid uncertainty over US trading policy.

Jerome Powell Speech

US Fed Chair Jerome Powell has said that the central bank would not immediately cut interest rates. He also expressed the concerns of President Trump's executive actions, Reuters reported.

China Retaliatory Tariffs

Chinese tariffs that can reach 15 percent on a variety of US agricultural products go into effect on Monday. The levy is broad and affect everything from poultry and beef to cereals, Bloomberg reported.

China Inflation

Consumer price inflation in China dipped to its highest level over the last 13 months in February. On the other hand, the decline in producer prices reached an unprecedented 30 consecutive months.

Crude Oil Prices

The price of crude oil fell due to increasing output from OPEC producers, as well as worries about US trade tariffs' effect on economic growth globally and the demand for fuel.