|Things to know before the market opens today|
The Indian market is expected to begin in the red, with trends on the SGX Nifty indicating a 36-point drop for the wider index.
The BSE Sensex increased by more than 400 points to 59,447, while the Nifty50 increased by 145 points to 17,784 and successfully defended the 17,600 barrier, producing a bullish candle on the daily charts with closing levels higher than starting levels. On the weekly charts, a Doji pattern formed as the closing levels were near the opening levels. During the week, the index gained six tenths of a percent.
Markets in Asia
On Monday, Asian stocks fell ahead of a week packed with central bank meetings and US inflation data, while the euro edged higher on relief that the extreme right failed to win the first round of the French presidential elections.
In early trading, Japan's Nikkei 225 index fell 0.61 percent, while the Topix index fell 0.35 percent. The Kospi index in South Korea fell 0.47 percent. The S&P/ASX 200 index in Australia rose 0.1 percent.
The wider index in India is expected to begin in the red, with a loss of 36 points, according to SGX Nifty trends. On the Singaporean market, the Nifty futures were trading at 17,860.
Markets in the United States
In tumultuous trade on Friday, the Dow rose and the 500 fell, as beaten-down bank stocks rallied and investors battled with how to deal with an economy that may be on the verge of collapsing as the Federal Reserve acts forcefully to combat inflation.
The Dow Jones Industrial Average climbed 137.55 points, or 0.4 percent, to 34,721.12, while the 500 dropped 11.93 points, or 0.27 percent, to 4,488.28 and the Nasdaq Composite fell 186.30 points, or 1.34 percent, to 13,711.00. The 500 sank 1.16 percent this week, the Dow 0.28 percent, and the Nasdaq 3.86 percent, as Fed members expressed worry about quick rate rises creating a slowdown.
Data from the FII and DII
According to provisional data available on the NSE, foreign institutional investors (FIIs) net sold shares worth Rs 575.04 crore on April 8, while domestic institutional investors (DIIs) net offloaded shares worth Rs 16.51 crore.
Early trading has seen oil prices fall
Early Asian trade saw oil prices fall for the second week in a row, as international customers revealed plans to release petroleum from strategic storage and Chinese lockdowns persisted.
Brent crude was down 38 cents to $102.40 a barrel at 2202 GMT, while US crude was down 16 cents to $98.18. Brent fell 1.5 percent last week, while the US West Texas Intermediate fell 1%. The benchmarks have been at their most volatile level since June 2020 for many weeks.