Flat to slightly lower opening on the cards

The Indian benchmark indices on Monday opened the session on a strong note and extended their upmove to end the session on a robust note. The NSE’s 50-share broadly followed index Nifty surged about 94 points to settle above the psychological 9600-mark, while the Bombay Stock Exchange’s Sensitive Index or Sensex gained about 300 points to close at 31,222.

The European markets ended the first day of the new trading week in positive territory. Energy and banking stocks displayed strong performance. The DAX of Germany climbed 1.22 per cent and the CAC 40 of France rose 1.47 per cent. The FTSE 100 of the UK gained 0.88 per cent.

The US stocks closed mostly higher on Monday. The Dow and the S&P 500 ended in positive territory, while the tech-heavy Nasdaq ended in negative territory. The Dow Jones Industrial Average, after registering an intra-day record, rose 130 points to 21,479. The S&P 500 advanced 6 points to 2,429, while the Nasdaq Composite Index slid 30 points to 6,110
 
Asian shares were trading mixed in early trade on Tuesday. Japan’s Nikkei 225 has surged 85 points; Hong Kong Hang Seng has gained 33 points, while China’s Shanghai Composite has shed 12 points.
 
At 8:09 am, SGX Nifty Index is almost unchanged at 9,624, indicating a flat start for Indian indices.