Indian markets rally to continue

Indian capital markets witnessed bullish trend on Monday. Nifty firmly up by 1.74 per cent to 8467.9. The Sensex increased 499.79 points or 1.84% quoting 27626.69.All of the sectoral indices turned into green during entire session on first day of the week.

Wall Street witnessed bullish trend on Monday too. The Dow Jones increased by 0.44% to 18227. The S&P 500 also rose by 0.34 per cent quoting 2137. U.S. benchmark crude, WTI increased 0.22% to USD 44.86, while Brent crude, the international standard, also rose 0.28% to USD 46.38.

Germany's main index, the DAX, boosted 2.12% to 9833 along with France's CAC 40, which too rose 1.76% to 4265. Britain's FTSE 100 increased 1.40% quoting 6683.

Markets in Asia trading with bullish trend during the morning session on Tuesday. The Shanghai Composite index increased by 0.51%. Japan’s Nikkei 225 index increased by 3.16%. Australia’s S&P/ASX 200 Index rose by 0.86% while New Zealand’s S&P/NZX 50 Index increased 0.31%. South Korea’s KOSPI also declined 0.39%. The Hang Seng Index decreased by 0.77%.

While on domestic front, A SGX Nifty index future for July series traded up by 39 points at 8527. According to PMO, the next governor for the central bank will be announced by July 18. Monsoon also spreading and rain surplus stood at 1 per cent. Meanwhile, Indian markets are likely to open in positive note.