India's stocks may open higher on easing geopolitical woes, foreign inflows
The Gift Nifty futures traded at 25,768 points, as of 7:50 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above its previous close of 25,637.8.
Asian markets edged higher, mirroring Wall Street gains, while the dollar softened on bets that weaker U.S. jobs data could prompt deeper rate cuts.
The Nifty and Sensex (.BSESN), opens new tab ended last week in the green, led by financials and metals, amid improving sentiment and easing geopolitical tensions. Both indices remain just about 2.5% below their September record highs.
Easing Middle East tensions and a sharp comeback in foreign inflows have revived investor confidence, said Ajit Mishra, senior vice president of research, Religare Broking.
Mishra added that the fragile truce between Iran and Israel has helped shift sentiment toward risk assets.
Foreign portfolio investors have bought Indian shares worth about 140 billion rupees ($1.6 billion) in the previous two sessions.
Market direction in the near term may hinge on developments in the U.S.' trade negotiations with its key trading partners, including India, ahead of U.S. President Donald Trump's July 9 tariff deadline and domestic corporate earnings season, two analysts said.
** BHEL (BHEL.NS), opens new tab bags a 65 billion rupees ($761 million) order from Adani Power (ADAN.NS), opens new tab
** ITD Cementation (ITCM.NS), opens new tab secures a $67.4 million international marine contract
** Godrej Properties (GODR.NS), opens new tabacquires, opens new tab 43 acres of land in Panipat with a revenue potential of 12.5 billion Indian rupees ($146.28 million)
** Titagarh Rail (TITG.NS), opens new tabgets, opens new tab an order worth 4.31 billion rupees ($50.44 million) from Maharashtra metro rail for 12 additional metro trainsets in Pune
($1 = 85.4510 Indian rupees)
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