Asian markets showed a mixed performance on Monday, as investors largely brushed aside recent diplomatic tensions between the United States and Iran. However, rising geopolitical risks in the Middle East continued to support elevated crude oil prices. Japan’s Nikkei index rose 1.39%, while China’s Shanghai Composite edged up 0.06%. In contrast, Hong Kong’s Hang Seng slipped 0.12%.
Indian markets are expected to open higher, with early indicators pointing to optimism among investors. GIFT Nifty was trading at 24,129, notably above Friday’s Nifty Futures close of 23,922, suggesting a positive start to the trading session.
On Wall Street, markets ended on a mixed note. The Dow Jones Industrial Average fell by 79 points, or 0.16%, to close at 49,230. Meanwhile, the Nasdaq Composite gained 398 points, or 1.63%, finishing at 24,836. Market sentiment remained influenced by ongoing uncertainty surrounding Iran-related negotiations and renewed tensions in the Strait of Hormuz, which have contributed to a rise in global oil prices.
Among corporate developments in India, several companies remain in focus. City Union Bank has expanded its presence by opening nine new branches across multiple states, taking its total network to 987 branches. Wipro has entered into a partnership with Kongsberg Digital to develop artificial intelligence solutions for the energy and utilities sector.
In the renewable energy space, KPI Green Energy has set up a new subsidiary, while NTPC Green has commenced commercial operations for a portion of its Khavda-II solar project in Gujarat. Meanwhile, Nippon Life AMC stated it could not confirm reports regarding a potential settlement in the Yes Bank case.
Elsewhere, FACT has received government approval to manufacture DAP fertilizers under a subsidy scheme, and IndusInd Bank announced a change in its compliance leadership following a senior resignation.
