Indian equities are poised for a strong opening on Monday, lifted by global oil relief and domestic tax reform measures. Gift Nifty futures indicated a 1.2–1.4% rise overnight, signaling renewed investor optimism.
Market sentiment brightened after the Trump–Putin meeting eased concerns over Russian oil supply disruptions, offering relief to energy-importing nations like India. Adding to the positive momentum, the government has proposed GST rate cuts, including a reduction for small cars from 28% to 18%.
Investor confidence was further supported by an S&P upgrade of India’s Export Credit Agency (ECA), seen as a boost to the country’s external financing profile.
Auto stocks such as Hero MotoCorp and Maruti Suzuki, along with financial majors Bajaj Finance and M&M, are expected to lead the gains. Broader markets, including midcaps and smallcaps, are also witnessing fresh inflows as domestic investors continue to support equities.
Market takeaway: A combination of oil supply relief and tax reform momentum is driving a short-term rally, positioning Indian markets for a bullish start to the week.