Markets to open flat with positive bias, tracking Asian markets

It was a whole week, which saw Indian stock markets correct by more than 2.5 per cent, ending Friday, September 30, due to global and primarily geo-political factors playing a major role. However, in late trade on Friday afternoon, Nifty recovered to close up at the levels of 8610; whereas BSE Sensex closed above 27850 on September 30.

European markets ended the volatile week on a high, courtesy positive news on Deutsche Bank. All the major indices closed with gains except for British FTSE 100 which closed down 0.30 per cent. Germany's DAX was the biggest gainer in trade on September 30.

US stock markets closed sharply higher on Friday amidst the report of Deutsche Bank nearing a settlement with the Justice Department. Dow Jones, Nasdaq and S&P 500 all closed with the gains of 0.91; 0.81; 0.80 per cent respectively.

Asian markets started the new month on a positive note owing to stable economic data from Japan and China. All the key markets are trading in green on Monday, October 3, 2016. Chinese markets are on holiday for a week.

SGX Nifty is trading with gains of 0.13 per cent to the levels of 8662. RBI policy outcome and economic data would be keenly watched in the week ahead. We expect markets to open flat to positive tracking Asian peers.