The Indian equity markets opened in the green on Friday despite mixed signals from West Asia, following the shutdown of crude oil facilities in Kuwait and Oman. The BSE Sensex opened 240 points higher, while the broader Nifty 50 was trading at 23,472.05, up 56 points or 0.24 per cent. The Sensex stood at 74,599.88, up 0.32 per cent.
Investor sentiment returned in early trade after US President Donald Trump hinted at progress in US-Iran peace talks. However, the indices were expected to open flat amid recent speculation about the government selling gold reserves to boost the economy and strengthen the Indian Rupee.
Despite such assertions, GIFT Nifty was trading around 23,550, up by 12 points, indicating steady opening cues for the domestic indices.
While domestic sentiment in the markets has improved, global sentiment remains mixed as investors assess recent economic data and trade-related developments.
Stability in crude oil prices and easing tensions between the US and Iran continue to support overall market confidence.
Nifty ended on a marginally positive note on June 4, closing at 23,416.55, up 10.95 points or 0.05 per cent.
The index opened with a gap-down at 23,282.45 and slipped to an intraday low of 23,247.30 before recovering steadily to touch an intraday high of 23,465.30. Meanwhile, foreign investors have dumped billions in the Indian stock market since the US-Israel war began on February 28.
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