Indian markets to start the week in green mood

Indian capital markets remained flat on Friday. Nifty succeeded in retaining the level of 8300. The Sensex decreased 74.59 points or 0.27% quoting 27126.9; and the Nifty remained down by 0.18% quoting 8323.90.All of the sectoral indices turned red, except Healthcare, Auto and IT indices during entire session on Friday.

Wall Street witnessed bullish trend on Friday after strong jobs data. The jump in jobs growth confirmed the US economy has regained speed after a first-quarter pause. The Dow Jones increased by 1.4% to 18147. The S&P 500 also rose by 1.53 per cent quoting 2130. U.S. benchmark crude, WTI increased 0.6% to USD 45.41, while Brent crude, the international standard, also rose 0.78% to USD 48.76.

After strong US jobs data, European indices joined rally with US stocks. Germany's main index, the DAX, boosted 2.24% to 9630 along with France's CAC 40, which too rose 1.77% to 4191. Britain's FTSE 100 increased 0.87% quoting 6591.

Markets in Asia are trading with a bullish trend during the morning session on Monday. The Shanghai Composite index increased by 0.35%. Japan’s Nikkei 225 index increased by 3.29%. Australia’s S&P/ASX 200 Index rose by 1.74% while New Zealand’s S&P/NZX 50 Index increased 0.82%. South Korea’s KOSPI also declined 0.49%. The Hang Seng index decreased by 1.48%.

While on domestic front, A SGX Nifty index future for July series is trading up by 94.5 points at 8429.50. Meanwhile, Indian markets are likely to open in the green.