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The Indian Stock market has
started the week with a bang. The Sensex is up 174.17 points or 0.6 percent at 28296.06
and the Nifty is up 36.25 points or 0.4 percent at 8550.05. About 522 shares
have advanced, 133 shares declined, and 230 shares are unchanged. Wipro gains 6
percent while Hindalco, HDFC Bank, Sesa Sterlite and ONGC. Dr Reddy's Labs and
M&M are among losers in the BSE. The Indian rupee continued its upward
momentum on Monday as it opened higher by 23 paise at 61.64 per dollar versus
61.87 Friday.
Indian share markets are expected to trade in a range on Monday tracking muted trend seen in other Asian markets. In the US stocks rallied on Friday to close higher for a first session in six, as energy led gains with US crude rising and as investors considered a mixed bag of economic reports. In Europe, equities closed mostly higher, but Swiss stocks weighed on wider benchmarks.
In the morning Asian markets showed gains with Nikkei up over a percent following a positive handover from Wall Street on Friday. From the commodity space, oil prices jumped more than 5 percent on Friday, boosted by the response to a bullish report on US consumer sentiment. Nymex trades around USD 48. While Brent crude is back above USD 50 per barrel. Gold continues to gain, as investors sought safety from volatility in wider markets.
Indian share markets are expected to trade in a range on Monday tracking muted trend seen in other Asian markets. In the US stocks rallied on Friday to close higher for a first session in six, as energy led gains with US crude rising and as investors considered a mixed bag of economic reports. In Europe, equities closed mostly higher, but Swiss stocks weighed on wider benchmarks.
In the morning Asian markets showed gains with Nikkei up over a percent following a positive handover from Wall Street on Friday. From the commodity space, oil prices jumped more than 5 percent on Friday, boosted by the response to a bullish report on US consumer sentiment. Nymex trades around USD 48. While Brent crude is back above USD 50 per barrel. Gold continues to gain, as investors sought safety from volatility in wider markets.
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