Market may open on a positive note

The Indian benchmark indices on Friday started the session with positive bias and it made an attempt to move higher, but failed to sustain at higher level and pared early gains.  To end with, the NSE's 50-share broadly followed index Nifty ended up by 10 points at 9,588, while Bombay Stock Exchange's Sensitive Index-Sensex settled at 31,056 down 19 points.  

The European markets ended Friday's session with modest gains. Automakers were in attention after European car sales bounced back in May. Energy stocks also performed well as crude oil prices steadied. The DAX of Germany climbed 0.48 per cent and the CAC 40 of France rose 0.89 per cent. The FTSE 100 of the U.K. gained 0.60 per cent.

U.S Stocks ended mixed on Friday; the Dow closed at record levels, while the tech-heavy Nasdaq closed lower. The Dow Jones Industrial Average finished up 24 points at a record 21,384. The Nasdaq Composite Index closed down 14 points at 6,152. The S&P 500 index finished at 2,433.
 
Asian shares are trading with positive sentiments in early trade on Monday. Japan’s Nikkei 225 has gained 119 points; Hong Kong’s Hang Seng has surged by 248 points, while China’s Shanghai Composite has moved up 15 points.
 
At 8:06 am, SGX Nifty Index trading with gains of 42 points at 9,632, indicating a gap up start for Indian indices.