Indian equity markets closed with losses on Friday with the broader markets underperforming as the US Fed cut its benchmark lending rate by 25 bps again.

GIFT Nifty (Earlier SGX Nifty) signals a flat start

GIFT Nifty on the NSE IX traded up by 10 points, or 0.04 per cent, at 24,127.00, signaling that Dalal Street was headed for flat start on Monday.

US stocks gain

The S&P 500 briefly crossed the 6,000 mark and ended with its largest weekly percentage gain in a year, driven by optimism surrounding Donald Trump's election victory and the potential for a Republican majority in Congress, which raised hopes for pro-business policies.

◦ Dow 0.59%,

◦ S&P 500 0.38%,

◦ Nasdaq 0.09%

Asian stocks mixed

Asian stocks may struggle in early trading after Chinese economic measures underwhelmed and the release of anemic inflation data over the weekend. Bitcoin topped $81,000 after President-elect Donald Trump took a clean sweep of the seven US battleground states.

◦ S&P 500 futures rose 0.2% as of 8:25 a.m. Tokyo time

◦ Nikkei 225 futures fell 0.9%

◦ Hang Seng futures fell 1.6%

◦ Australia's S&P/ASX 200 fell 0.3%

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