Indian markets to open in green

Indian capital markets witnessed bullish trend on Friday. A positive trend was seen in Indian markets after BREXIT day and a consecutive five day rally was triggered. Nifty crossed its new high of 2016. The Sensex increased 145.19 points or 0.54% quoting 27144.91; and the Nifty upped 40.60 points or 0.49% quoting 8328.35. All of the sectoral indices experienced positive scenario except IT index during entire session on Friday.

The Dow Jones industrial average increased 19.38 points, or 0.11%, quoting 17949. The S&P 500 index also rose 4.09 points, quoting 2103. However, U.S. benchmark crude, WTI increased 1.37% to USD 48.99, while Brent crude, the international standard, also rose 1.29% to USD 50.35.

European stocks rallied on Friday too. Germany's main index, the DAX, increased 0.99% to 9776 along with France's CAC 40, which too rose 0.86% to 4274. Britain's FTSE 100 increased 1.13% quoting 6578.

Markets in Asia are trading with positive trend during the morning session on Monday. The Shanghai Composite index has increased by 0.25%. Japan’s Nikkei 225 index has increased by 0.10%. Australia’s S&P/ASX 200 Index has risen by 0.31%; while New Zealand’s S&P/NZX 50 Index has increased 0.11%. South Korea’s KOSPI also has increased by 0.15%. The Hang Seng Index has risen by 1.06%.

While on domestic front, A SGX Nifty 50 index future for July series is trading up by 38.5 points at 8396. This week will start with small cap companies Q1FY17 results. Meanwhile, Indian markets are likely to open positive.