Sensex, Nifty likely to open weak; HDFC Bank, Jet Airways, RIL in focus

The Indian stock market is set to open little changed on Monday following flat Asian stocks and rising crude oil prices. Many markets in Asia, Europe and North America are shut down for Good Friday.

Market sentiment this week would be largely guided by the ongoing fourth quarter results season, with a host of front-line companies slated to come out with their financial report cards, analysts said. Indian stock and forex markets were closed on Friday on account of Good Friday.

Oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions. India is one of the major oil importers from Iran.

At 07:17 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 10 percent at 11,796.50, indicating a weak start for the Sensex and Nifty.

Stocks in focus: HDFC Bank, Jet Airways, RIL.