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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,064. On Friday, benchmarks ended lower, tracking negative global cues. The Nifty 50 closed 0.62% lower at 24,176.15, down 150.50 points, while the Sensex ended 0.66% lower at 77,328.19, down 516.33 points.
Meanwhile, U.S. West Texas Intermediate futures for June delivery rose 3.08% to $95.42 per barrel. Brent crude futures for July delivery gained 3.16% to $104.49 per barrel.
Elsewhere in Asia, South Korea's Kospi climbed to another record on Monday, leading gains across Asia-Pacific markets as investors monitored rising oil prices and growing tensions between the United States and Iran. The Kospi opened 3.67% higher at a record level, while the Kosdaq edged up. Japan's Nikkei 225 rose 0.81% and the Topix gained 0.32%. Australia's S&P/ASX 200 fell 0.71%, while Hang Seng futures traded below the index's previous close.
Separately, Abbott India, Anant Raj, Aurionpro Solutions, Canara Bank, D B Corp, Indian Hotels Company, JB Chemicals & Pharmaceuticals, JSW Energy, Nuvama Wealth Management, PVR Inox, Shyam Metalics and Energy, Syrma SGS Technology and UPL are among companies scheduled to report earnings today.