Shares in India are anticipated to open slightly higher on Monday, encouraged by strong signals from international markets.
Various factors could influence the market this week, including recent corporate earnings, auto sales data, fiscal deficit and infrastructure output figures, as well as the presentation of the Union Budget in the Lok Sabha on February 1.
Internationally, investors will be closely monitoring decisions on interest rates by the Federal Reserve, the U.S. unemployment rate, manufacturing payroll data, GDP data from Europe, PMI data from China and the Bank of England's decision on interest rates.
This morning, Asian markets were trending upwards, and oil prices increased by over 1%, reaching their highest level since November due to increasing tensions in the Middle East.
President Joe Biden of the United States vowed to respond after it was reported that a drone attack in Jordan had killed three U.S. troops.
U.S. stocks ended with a mixed performance on Friday following Intel's disappointing first-quarter forecast and the release of December's PCE index, which further indicated a moderation in inflation. The Dow increased slightly by 0.2%, setting a new record closing, while the S&P 500 ended slightly lower and the technology-focused Nasdaq Composite fell by 0.4%.
European stocks hit a two-year high on Friday, buoyed by robust quarterly earnings and signs of easing inflation in the Eurozone. The pan-European STOXX 600 rose by 1.1%. Germany's DAX nudged 0.3% higher, France's CAC 40 soared 2.3%, and the UK's FTSE 100 surged 1.4%.
