Indian stock market update

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, as inflation fears due to the escalating US-Iran war rattled global markets. Asian markets traded sharply lower, while the US stock market slid last week, with the S&P 500 closing at six month-low, as the US-Iran war entered its fourth week. This week, investors will watch out for key stock market triggers, including the developments over the US-Iran war, trends in crude oil prices, FII flows, rupee movement, and other domestic and global economic data releases. On Friday, the Indian stock market ended higher, led by a short-covering rally after the previous session’s sharp decline. The Sensex gained 325.72 points, or, 0.44%, to close at 74,532.96, while the Nifty 50 settled 112.35 points, or 0.49%, higher at 23,114.50.