Sensex, Nifty Likely To Open On Cautious Note; Zomato; JSW, Adani Enterprises In Focus

The Indian equity market is expected to open this week's trading on a cautious note despite strong cues from Wall Street indices. US equities closed higher last week as the three major indices- the Dow Jones Industrial Average gained 0.36%, while the S&P 500 index rose 0.41%, and the NASDAQ Composite index advanced 0.45%.

The domestic equity market closed on a stellar note last week, where Sensex settled 0.44% higher at 69,825.60 points, while Nifty 50 was up 0.33% at 20,969.40 points.

GIFT Nifty Indicates A Positive Start

GIFT Nifty was up 0.03% at 21082.50 points at the time of writing this story, indicating that the Indian equity market was headed for a positive start on Friday.

Asian Markets Signals Negative Start:

Asian shares drifted lower on Monday. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.88%. Japan's Nikkei gained 1.64%; Australia's ASX 200 was up 0.06%; China's Shanghai slumped 0.90%; Hong Kong's Hang Seng dropped 1.95%; South Korea's Kospi fell 0.18%.

Buzzing Socks: Zomato; JSW, Adani Enterprises

Zomato: Zomato shares will remain in the limelight on Monday as SoftBank exited India's online food delivery giant in block deals last week.

Other stocks that will remain in focus today include JSW, Adani Enterprises, SpiceJet, Sonata Software, Hindustan Zinc, BPCL, and others.