blue Capital Group

Indian equity markets may start the session with a gap down on Monday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with losses of 46 points at 9,636, indicated that domestic bourses may open negative at the opening bell.
 
The levels of 9,600-9,610 is an immediate support level for the Nifty50 index, and if it holds below level of 9,600-9,610 it may correct up to the level of 9,570. On the upside, the region of 9,700-9,710 may continue to act as a barrier and if the index holds above 9,710 it may move up towards the levels of 9,740-9,780.
 
On Sunday, the Goods and Service Tax (GST) Council decided to lower the tax rate for 66 items.
 
The market participants will keenly watch key economic data i.e. IIP data and Inflation numbers slated to be released today.
 
Back home, despite opening the session on a cautious note and marking intra-day low in the afternoon session, Indian markets ended the last trading session of the week on a positive note led by buying in auto, realty and metal stocks.
 
After registering record intra-day highs early in the day, the US stocks yielded some ground over the course of the trading day on the last trading session of the day. The tech-heavy Nasdaq Composite index sank 114 points to close at 6,208. The Dow closed at a record on Friday as it rose 89 points to end at 21,272. The S&P 500 edged down 2 points to finish at 2,432.
 
Asian shares edge lower in early trades on Monday. Japan’s Nikkei 225 has been trading with loss of 68 points; Hong Kong’s Hang Seng has slipped 102 points, while China’s Shanghai Composite has shed 2 points.