Indian shares look set to open lower on Monday as investors keep an eye on oil price movements for direction.
Brent crude futures fell over 2 percent below the $74 a barrel mark this morning after OPEC and its allies agreed to increase oil production by up to 1m barrels a day.
Prices initially jumped more than 3 percent on Friday and U.S. West Texas Intermediate (WTI) crude futures soared as much as 5 percent as OPEC pledged to increase production by less than the market feared.
Along with oil price movements, sentiment this week may be influenced by global events on the trade front and progress in the monsoon rains. Trading may remain volatile as traders roll over positions in the F&O segment.
Benchmark indexes Sensex and the Nifty rose marginally last week to end higher for the fifth consecutive week.
Asian stock markets are trading broadly lower on trade worries after the Wall Street Journal reported that that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.
Overall losses remained limited after China's central bank said on Sunday it would cut banks' reserve requirements in a bid to boost lending.
U.S. stocks finished mostly higher on Friday, led by energy stocks. The Dow rose half a percent to snap its longest losing streak in over forty years and the S&P 500 inched up 0.2 percent while the Nasdaq Composite dropped 0.3 percent amid a sell-off in technology shares.
European markets rose on Friday as rallying oil prices, a debt-relief plan for Greece and improved regional growth data helped investors shrug off Trump's tariff threat targeting imported autos from the European Union.
The pan-European Stoxx Europe 600 index rallied 1.1 percent. The German DAX rose half a percent, France's CAC 40 index climbed 1.3 percent and the U.K.'s FTSE 100 rallied 1.7 percent.
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Market Analysis
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.