Indian benchmark indices will be higher after Trump delayed EU tariffs

May 26 (Reuters) – India’s benchmark indices will open slightly higher on Monday, after US President Donald Trump extended the deadline for trade conversations with the European Union, which has ease the tensions in the short term. Gift Nifty Futures will trade at 8:09 p.m. at 24,935.5, indicating that the Nifty 50 will open above its Friday’s closure of 24,853.15. On Sunday, Trump supported, supported and agreed to expedite 50% rates on EU import imports to extend its trade talks deadline until July 9 after the EU executive body said the block needed more time to “reach a good deal”. Other Asian markets opened slightly higher, with the MSCI Asia ex-Japan index contracting 0.2%, while oil prices were also higher than it relieved concerns about fuel demand. The Nifty 50 has climbed 5.7% since early April, supported by foreign inflow, improving corporate earnings and the expectation that India will remain relatively insulated from US rates. The index remains 5.4% below the record high of September 27, 2024. Foreign portfolio investors bought 17.95 billion rupees ($ 211.14 million) worth Indian shares on Friday, bringing May’s net inflow to $ 1.64 billion. Investor focus will also be on the most important domestic triggers, with India’s Q4 CBP data owed on May 30, and the RBI policy decision on June 6. Signs of economic recovery or policy support can further strengthen sentiment and corporate profitability expectations. Short -term momentum remains constructive, but global trade risks and emerging data clearances can cause volatility, two analysts said. Stock to look at ** JSW Steel Posts Smaller-As-Inserted Rise in March Quarter injured by poor steel prizes ** Supreme Court of India rejects Bharat Airtel Arm Bharti Telemedia’s appeal against the Supreme Court ruling to charge the entertainment tax on DTH services ** Linde India reports 12.3% in March ($ 1 = 85.01 Indian rupees) in Bengaluru)