CoinSwitch Markets Desk

Bitcoin traded above the $82K level over the weekend as investors prepared for a key week of U.S. economic data. Markets are closely watching upcoming inflation readings, including CPI and PPI, along with OPEC's oil outlook, as these releases could influence expectations around future Federal Reserve rate cuts. On the positioning side, derivatives data continues to reflect optimistic sentiment, with traders maintaining stronger upside positioning . BTC is currently stabilizing above the $81K zone, though resistance remains near recent highs. If buyers manage to push price decisively above $82.5K, the next upside area could extend toward $85K.

Nikhil Aggarwal, Founder & Group CEO, Grip Invest

"The Indian market has been in a phase of consolidation, and that's making investors naturally look beyond domestic borders. When Nifty stays range-bound and mid-cap valuations remain stretched, it's only rational for investors to diversify globally. We're seeing genuine curiosity around US equities, international ETFs, and even emerging market plays. But I'd urge investors not to chase momentum blindly - global diversification should be a strategy, not a reaction. India's fundamentals remain strong over the long term. The smart money is finding ways to stay invested across geographies while keeping a watchful eye on how domestic earnings and policy signals play out over the next two quarters."

Anuj Gaur, Director at IBBM 

Indians market are witnessing a consolidation phase since last 2 years, many investors are getting impatient and looking for other investment opportunities in global markets, though it can be a good approach but still India is one of the fastest growing economies and short term consolidation period should not be considered as bad phase for the market. India offers strong opportunities in multiple sectors especially Banking, Infrastructure, Power & Energy sectors. Investors should not shift completely from Indian markets though they can diversify some of their funds to international equities especially in AI & Technology driven companies.

Investment is always related to emotional decisions driven by Fear or Greed, wealth is always created through systematic & disciplined investing for a longer period of time.

Ashish Nasa, Managing Director & CEO, Universal Trustees

With Indian markets witnessing phases of volatility, many investors are increasingly evaluating offshore investment opportunities as part of a broader diversification strategy. Liberalised Remittance Scheme (LRS) routes have also made global investing significantly more accessible to Indian residents over the years.

However, cross-border investing is no longer only a question of chasing global returns diversified across currencies - it also changes the long-term governance landscape around family wealth.

Indian families today are far more globally connected than before. Children are studying or settling abroad, businesses are expanding internationally, and investment portfolios increasingly include foreign equities, overseas funds, and international assets. As wealth becomes global, ownership and succession also become multi-jurisdictional.

This introduces considerations that many investors may not immediately recognise at the time of investment. Different jurisdictions may have varying inheritance laws, estate tax frameworks, reporting obligations, and ownership transmission rules. In certain jurisdictions, assets may also become exposed to inheritance or estate taxes if an unfortunate event were to occur. Therefore, while evaluating international investments, families may also need to carefully consider the jurisdictions in which assets are ultimately accumulated and held.

For this reason, global diversification should ideally be accompanied by appropriate structuring and documentation. The focus cannot remain limited to returns alone. As Indian wealth globalises, the framework governing that wealth must evolve alongside it.

The dollar index, which measures the greenback's strength against a basket of six currencies, was trading at 98.001 in early Asia. 

US and Iran failed to reach an agreement on a peace proposal. Brent crude jumped 3.5 per cent to about $105 a barrel after US President Donald Trump on Sunday dismissed the Iranian response to Washington's proposal for peace talks as "unacceptable".

Rajesh Palviya, Head of Research, Axis Direct

The Nifty shed 150 points on Friday to finish at 24,176, its second consecutive daily loss, dragged by a 7% slide in SBI after weak NIMs and renewed US-Iran flare-ups. Wall Street, in contrast, closed at fresh records - the S&P 500 added 0.8% and the Nasdaq surged 1.7% - propelled by an upbeat April jobs print and a chip-led rally. Cues from Asia are mixed: Kospi has opened 3.7% higher on SK Hynix, the Nikkei is firmer, while Hang Seng futures and US index futures are softer. Brent is sticky near $101, gold trades at $4,730, silver at $80, and copper at $6.23. GIFT Nifty (-117 points) suggests a negative start. Technically speaking, 24,000 is the zone bulls must defend; unless and until a daily close above 24,340 is recorded, the prevailing bias stays cautious, with 23,800 the next pocket of support should that floor crack. One needs to adopt a stock-specific selective approach to play at this moment as earning season is going on

At the close on May 8 (Friday), the total market capitalisation of all BSE Sensex companies stands at Rs 4,73,81,175.