Nifty likely to open above 9,800 mark

Monday trading session was a marvellous and a mysterious one for the Indian markets. Marvellous because indices posted their highest closing on Monday and mysterious because trading on the NSE was disrupted for the most part of the trading session due to some technical issue. The benchmark BSE Sensex closed 1.13 per cent higher at 31,716, whereas, NSE Nifty settled at 9,771, up by 1.09 per cent.

The European markets ended the first trading session of fresh trading week on a positive territory. The DAX of Germany emerged as a top gainer as it surged 0.46 per cent, followed by the CAC 40 of France which rose 0.40 per cent and the FTSE 100 of the UK, which added 0.26 per cent. 

In the overnight trade, the Nasdaq and the S&P 500 ended Monday’s session modestly higher, with the Dow industrial concluding fractionally lower. The Dow Jones Industrial Average shed 6 points to close at 21,408. The S&P 500 closed with gains of 2 points and the Nasdaq rose 23 points to 6,176.
 
Most of the Asian bourses edged higher in early trade on Tuesday. Hong Kong's Hang Seng has emerged as a top gainer, trading with gains of 0.97 per cent at 25,749 followed by Japan’s Nikkei 225 which has scaled up 55 points at 20,136; while China’s Shanghai Composite has shed 4 points to 3,209.
 
Domestic bourses may kick-start trading on a positive note on Tuesday. SGX Nifty, which was trading at 9,802, up by 30 points, signalled Nifty opening at the magical mark of 9,800 at the opening bell. IndusInd Bank will report its earnings today and is likely to be in focus in today’s trading session.