Indian equity benchmarks are set to open higher on Monday, March 16, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad rose 68 points or 0.3% to 23,267 amid mixed cues from Asian markets.
The positive trend follows a strong close on Wall Street last Friday, with major U.S. indices posting gains. This global sentiment is expected to influence the opening of the BSE SENSEX and NSE NIFTY 50.
Investors will be monitoring the activity of Foreign Institutional Investors (FIIs), which has been a key market driver. Other factors include global oil prices and domestic economic data releases scheduled for the week.
Analysts advise caution as markets may experience volatility due to ongoing global economic uncertainties and geopolitical developments.
