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The GIFT Nifty was up 123 points or 0.54% at 22,719 as of 8:23 a.m., marginally higher than the Nifty 50's Thursday close.
Indian equity benchmarks logged their sixth consecutive weekly losses in a holiday-shortened week amid intensified military conflict in the Persian Gulf region.
The BSE Sensex closed 0.3% higher at 73,319 after declining as much as 2.2% intraday. The Nifty rose 0.15% to settle 22,713. Markets were shut on Friday for a holiday.
Japan and South Korean stocks rose Monday, while most Asian markets were closed for holidays. The Nikkei 225 jumped 0.62%, and the broad-based Topix gained 0.23%. South Korea's blue-chip Kospi advanced 1.8%. Markets in Australia, New Zealand, Hong Kong, mainland China and Taiwan are shut.
US President Donald Trump on Sunday issued a fresh round of threats to attack Iran's power plants and civilian infrastructure starting Tuesday, if Tehran failed to fully reopen the Strait of Hormuz.
The Reserve Bank of India's Monetary Policy Committee will begin its three-day meeting in Mumbai today, the first in the new financial year and against the backdrop of war in the Middle East and disruption in oil supply routes.
The RBI is widely expected to keep its policy repo rate unchanged at 5.25% when it announces its monetary policy decision on April 8, as policymakers weigh rising external risks, a gradual firming in inflation and signs of moderation in economic activity.
All 15 economists tracked by Bloomberg anticipate no change in the benchmark rate, pointing to a broad consensus that the Monetary Policy Committee will extend its pause while assessing evolving global and domestic conditions.
Wipro today announced the acquisition of Singapore-based IT services company called Mindsprint for a total consideration of around $375 million.
The deal is part of a broader agreement signed with Olam Group — an eight-year deal with a final contract value that could exceed $1 billion, the company said in a regulatory filing.
Olam, which is also headquartered in Singapore, is a leading food and agri business with a market value of over $50 billion. The company is majority owned by Temasek Holding.
Global oil prices climbed sharply after Donald Trump escalated rhetoric against Iran, issuing a new deadline tied to the reopening of the strategically critical Strait of Hormuz. Brent crude rose above $110 per barrel, while US benchmark WTI hovered near $113, as markets reacted to the heightened risk of supply disruptions.
Trump warned of potential strikes targeting Iranian infrastructure if access through the strait is not restored. Tehran, however, rejected the ultimatum, and restrictions on maritime traffic remain largely in place, allowing only limited vessel movement.
Stock futures on Wall Street tumbled overnight as investors continued to eye developments in the US-Iran war and oil prices.
Dow Jones Industrial Average futures shed 253 points, or 0.5%. S&P 500 and Nasdaq 100 futures lost 0.6% and 0.7%, respectively.
Japan and South Korean stocks rose Monday, while most Asian markets were closed for holidays. The Nikkei 225 jumped 0.62%, and the broad-based Topix gained 0.23%. South Korea's blue-chip Kospi advanced 1.8%.
Markets in Australia, New Zealand, Hong Kong, mainland China and Taiwan are shut due to public holidays.
The GIFT Nifty was up 50 points or 0.2% at 22,650 as of 7:00 a.m., lower than the Nifty 50's Thursday close.
Indian equity benchmarks logged their sixth consecutive weekly losses in a holiday-shortened week amid intensified military conflict in the Persian Gulf region.
The BSE Sensex closed 0.3% higher at 73,319 after declining as much as 2.2% intraday. The Nifty rose 0.15% to settle 22,713. Markets were shut on Friday for a holiday.
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