Indian indices likely to witness a muted start, as Asian markets are trading with marginal gains

The Indian benchmark indices on Friday opened on positive note and indices soon gathered momentum and scaled higher. In the second half of trading, session momentum continued as buying was seen in Hindustan Petroleum, Tata Steel, ITC and Reliance Industries. For the first time, ever Nifty index touched 9600 mark, while Sensex went past 31000 mark. To end with, the NSE's 50-share broadly followed index Nifty got surged by around a per cent to settle 5 points shy of 9600 mark, while Bombay Stock Exchange's Sensitive Index-Sensex advanced over two hundred and fifty points and closed above the psychological 31,000 mark. 

The European markets ended the last trading session of the week with mixed results. Energy and Automakers were under pressure on Friday. The DAX of Germany dropped 0.15 per cent and the CAC 40 of France fell 0.01 per cent. The FTSE 100 of the U.K. gained 0.40 per cent.

U.S. stocks after trending higher over the past several sessions displayed a lacklustre performance on Friday. Despite the lacklustre trading, the Nasdaq and the S&P 500 ended the day at new record closing highs. The S&P 500 index gained 1 point to finish at 2,416. The Nasdaq Composite Index accumulated 5 points to end at 6,210. The Dow Jones Industrial Average slipped 3 points to close at 21,080.  

Asian markets are trading with marginal gains on Monday. Japan’s markets Nikkei 225 surged 40 points. Hong Kong’s Hang Seng rose 35 points and China’s Shanghai Composite remains shut on account of Dragon Boat Festival.

At 8:07 am SGX Nifty Index trading with marginal gains of 6 points at 9,581, indicating a muted start for Indian indices.