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Pre-market Update: Indian equity benchmark indices are expected to open on a positive note on Monday, tracking firm global cues and ahead of key Q2 earnings announcements. At 8:00 AM, GIFT Nifty futures were trading 227.5 points higher at 25,983.5, indicating a strong start for domestic markets.

Globally, Asian markets began the week on a positive footing, supported by optimism around upcoming economic data from China. Japan’s Nikkei 225 gained 2.5 per cent, Hong Kong’s Hang Seng rose 2.1 per cent, and South Korea’s KOSPI advanced 0.53 per cent.

In the US, major indices ended higher on Friday, marking a week of steady gains as investors shrugged off concerns about credit losses at regional banks and trade-related uncertainties. The S&P 500 gained 0.53 per cent, the Nasdaq Composite climbed 0.52 per cent, while the Dow Jones Industrial Average ended 0.52 per cent lower.

Back home, investor focus will be on Q2 results from large-cap names including Reliance Industries, HDFC Bank, and ICICI Bank, which could set the tone for the week’s market direction.

In the broader corporate calendar, Geojit Financial Services is also scheduled to announce its quarterly earnings today.

Overall, strong global momentum and domestic earnings cues are likely to keep investor sentiment upbeat in the opening session.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate aff