Indian equity benchmarks are poised to open higher on Monday, tracking a positive signal from the Gift Nifty futures index.
The forward indicator suggests a rebound for the Sensex and Nifty 50, which closed lower on Friday, as investors digest mixed global cues ahead of the trading session.
The market sentiment is being shaped by a tug-of-war between geopolitical relief and commodity headwinds.
Progress in peace negotiations between the United States and Iran has injected optimism into global risk assets, following reports of a preliminary agreement on a nuclear deal.
This diplomatic breakthrough has previously spurred rallies in Wall Street and broader global equities, reducing the premium for geopolitical risk.
However, the positive equity bias is tempered by rising crude oil prices.