(RTTNews) - Indian shares may see a gap-up opening on Monday after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
That said, analysts recommend a cautious investment approach in the wake of continuous selling by foreign institutional investors, heightened geopolitical tensions and lingering uncertainty over U.S. President-elect Trump's proposed tariff and trade policies.
Positive cues from Wall Street, Europe and Asia may also boost sentiment while investors will keep a close eye on oil price movements for the possible negative impact on the country's twin deficits.
Oil prices held near two-week highs this morning after gaining around 6 percent last week as heightened tensions between western powers and major oil producers Russia and Iran raised risks of supply disruption.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
