Advancing Asian markets likely to propel Indian indices today

Indian benchmark on Friday got off to gap up opening and thereafter the benchmark indices moved higher in early trades, but the sentiments turned distrustful in late morning trade and indices started drifting lower, however, in the final hour of trade indices bounced back off the day’s low. To end, Bombay Stock Exchange’s Sensitive Index, Sensex gained around thirty points and closed above the psychological 30,400 mark, while the NSE's 50-share broadly followed index - Nifty settled with a nominal loss of two points below the psychological 9,450 levels. 

The European markets ended Friday's session with modest gains, recovering some of the lost ground from the previous two days. The DAX of Germany climbed 0.39 per cent and the CAC 40 of France rose 0.66 per cent. The FTSE 100 of the U.K. gained 0.46 per cent.

Wall Street ended in green on Friday, the Dow Jones Industrial Average finished up 142 points at 20,805. The S&P 500 index gained 16 points to close at 2,382. The Nasdaq Composite Index surged 29 points to close at 6,084.

Asian markets advanced on Monday. Japan’s markets Nikkei 225 gained 66 points. Hong Kong’s Hang Seng surged 229 points and China’s Shanghai Composite moved higher by 11 points.

At 8:02 am SGX Nifty Index trading with gains of 25 points at 9,479, indicating positive start for Indian indices.