Stock Market Today: The Indian benchmark stock market bourses are expected to witness a gap up opening, tracking positive global cues such as low crude oil prices, and a possible US-Iran peace deal bolstering favourable investor sentiment.
The trends on Gift Nifty also indicate a positive start for the Indian benchmark indices. The Gift Nifty was trading around 23,961 level, a premium of approximately 217 points from the Nifty futures’ previous close.
Meanwhile, Asian markets were largely trading in green with Japan's Nikkei 225 surged 2.75% to an all-time high of 65,081.96 level. The broader Topix index rose 0.65%, and Australia's S&P/ASX 200 was largely unchanged.
Trading remained shut in Hong Kong and South Korea due to public holidays. The US markets were also closed on Monday to commemorate Memorial Day.
On other hand, crude oil prices declined to $96 per barrel (bbl) during the early Asian market hours on Monday, May 25, as investors pinned hopes on the the possibility of a soon-to-be inked US-Iran peace deal, which would end the West Asia conflict.
On Friday, the Indian stock market ended higher, with the benchmark Nifty 50 closing over 23,700 level.
The Sensex surged 0.31%, to close at 75,415.35, while the Nifty 50 settled 0.27%, higher at 23,719.30 level.
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