U.S. stock markets kicked off the week with caution as investors awaited key economic indicators and the start of the earnings season. The S&P 500, after experiencing a three-day decline, hovered near the 4,400 level. As of 11:43 a.m. New York time, the S&P 500 remained relatively unchanged, while the Nasdaq 100 dipped 0.1%. On the other hand, the Dow Jones Industrial Average saw a modest increase of 0.4%.
In the energy market, West Texas Intermediate crude held steady, while gold futures slipped 0.2% to $1,928 per ounce.
Moving to Indian stock benchmarks, they showed stability throughout the day and ended with marginal gains on Monday. The S&P BSE Sensex closed up 64 points, or 0.10%, at 65,344.17, while the NSE Nifty 50 finished 24 points, or 0.12%, higher at 19,355.90.
Foreign investors in Indian equities continued their buying spree for the ninth consecutive day on Monday. Foreign portfolio investors accumulated stocks worth Rs 588.48 crore, while domestic institutional investors reversed their selling streak of five days to become net buyers of equities worth Rs 288.38 crore.
In the currency market, the local currency strengthened 16 paise to close at 82.58 against the U.S. dollar on Monday.
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