Markets may open flat

Key benchmark indices ended the volatile session with decent gains. The Nifty50 index gained about 42 points to finish above 9,900 mark, whereas, BSE Sensex settled above 32,000 mark with gains of about 124 points. Index pivotal Reliance Industries surged over 3.5 per cent on the announcement of 1:1 bonus and Wipro also surged about 6 per cent.

The European markets ended the last trading session of the week with deep cuts. The DAX of Germany emerged as a top loser as it weakened 1.66 per cent followed by the CAC40 of France which dropped 1.57 per cent and the FTSE 100 of the U.K. decreased 0.47 per cent.

In the U.S, Wall Street saw modest weakness during trading on Friday. The Dow Jones Industrial Average slipped 32 points to 21,580. The Nasdaq dipped 2 points to finish at 6,388. The S&P 500 ended the session with a dip of a single point to 2,473. Earnings played a spoil sport on Wall Street as the stock of General Electric slipped by 2.9 per cent.

Asian markets were trading mixed in early trade on Monday; Hong Kong Hang Seng has surged 147 points to 26,853 followed by China’s Shanghai Composite which rose 7 points to 3,425. While Japan’s Nikkei 225 has nose-dive 175 points to 19,925.

Indian benchmark indices may start the first trading session of the fresh week on a flattish note as cues from Asian markets are mixed and SGX Nifty is trading at 9,920 up by 7.5 points, also signalled flattish opening for markets. Stocks which are slated to report their earnings today are Ambuja Cement, Bharti Infratel, HDFC Bank, Indiabulls Housing Finance, ZEEL, Delta Corp, Hudco, M&M Financial, Just Dial, IRB Infra, Indiabulls Real Estate.