The Indian markets are likely to open on a strong note following positive global leads. The SGX Nifty, which was trading at 10,150, suggests that the Nifty may open with a gap-up of 56 points.
The level of 10,135-10,140 is a major barrier for the Nifty50 index and if it successfully manages to trade above this zone, a fresh up-move may be seen up to the level of 10,200. On the other hand, the level of 10,040 may provide support in case if there is any correction.
Back home, Indian market rebounded from the earlier losses to end the last trading session of the day on a flat note. ONGC and Bajaj Auto topped the list of gainers, while Dr Reddy’s Lab and IndusInd Bank led the losers. At the closing bell, the BSE Sensex rallied 31 points to end at 32,273 and Nifty index shed 1 point to finish at 10,085.
The US stock benchmarks ended Friday’s session in positive territory with the Dow and the S&P 500 reaching new record closing highs. The Dow Jones Industrial Average rose 65 points to close at 22,268. The Nasdaq Composite Index advanced 19 points to finish at 6,448 and the S&P 500 inched up 5 points to end the day at 2,500.
Asian stock markets have inched higher in morning trading on Monday. Japan’s Nikkei was closed for a holiday. Hong Kong's Hang Seng has jumped 0.89% and China’s Shanghai Composite has advanced 0.29%.
