The Indian market may open on a flat to slightly higher note Monday, tracking mixed global cues. However, with Europe's debt problems continuing, it remains to be seen if the market can sustain initial gains. With rising risk aversion, global news flow and the dollar movement versus the euro and the rupee may influence the market direction today. Net sales by foreign institutional investors totaled over Rs.9,600 crore in the last three weeks, according to market regulator SEBI.
In a 90-minute special trading session held on Saturday, the benchmark indexes Sensex and the Nifty gained by 0.8% each, helped by a positive close on Wall Street Friday. Heavily battered realty, metal oil/gas and IT stocks led the gainers on expectations the European may find a solution to Greece's burgeoning fiscal deficit. Closer home, comments by C Rangarajan, a former head of the Reserve Bank of India and chairman of the prime minister's economic advisory council, that the roll back of economic stimulus will not be done in a hurry also lifted sentiment to some extent.
However, for the week ended Saturday, the Sensex ended down 2.6% and the Nifty fell by 2.4%, weighed by fears of rising sovereign debt in some European countries and poor U.S. job data.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.