The Sensex 30, one of India’s key benchmark indices, is set to open on the wrong side on Monday, having closed Thursday modestly flat after the correction from fresh record highs of 74,245.17.
India’s Sensex eyes a subdued opening, as Asian stocks trade mixed while Gift Nifty futures drop. Sensex hit fresh record highs above 74,000 last week but finished flat on Thursday. Markets stay cautious ahead of the US and Indian CPI inflation data on Tuesday. The Indian index could take the negative lead from the mixed Asian stock markets and small losses in the Gift Nifty futures.
The main event risks for markets this week will be the inflation data releases from India and the US. Sensex FAQs What is the Sensex? The Sensex is a name for one of India’s most closely monitored stock indexes. The term was coined in the 1980s by analyst Deepak Mohoni by mashing the words sensitive and index together. The index plots a weighted average of the share price of 30 of the most established stocks on the Bombay Stock Exchange.