Domestic markets resumed their corrective trend last week with some strength after a brief period of consolidation, shedding over two and a half percent. The upcoming week is also shortened due to a holiday, and with the earnings season largely concluded, analysts say attention will shift back to FII flows

GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 79 points, or 0.34  per cent, at 23,524.00, signaling that Dalal Street was headed for positive  start on Monday.

US stocks sink

Wall Street' 'S main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump.

Asian shares down

Asian stocks dipped early Monday as traders reined in expectations of Federal Reserve interest rate cuts following fresh signs of US economic resilience.

◦ S&P 500 futures rose 0.1% as of 9:06 a.m. Tokyo time

◦ Hang Seng futures rose 0.2%

◦ Japan's Topix fell 0.7%

◦ Australia's S&P/ASX 200 fell 0.3%

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