Indices may open higher on positive global signals

It was carnage on the Dalal Street as key indices logged declines for the fifth straight trading session on Friday. Sensex nosedive 318 points to settle at 31,214, its lowest closing level since 4th July, 2017. The Nifty dropped over 1 per cent to settle at 9,711, its lowest closing level since 7th July, 2017.

Majority of the European markets ended Friday’s with losses. Selling pressure was seen in Energy stocks as crude oil prices weakened. The CAC 40 of France slipped 1.06 per cent and the FTSE 100 of the U.K. dropped 1.08 per cent. The DAX of Germany ended almost unchanged.

U.S. stocks displayed decent performance on Friday recovering from the sell-off which was seen in the previous trading session. The Nasdaq Composite Index added 40 points to 6,257. The Dow Jones Industrial Average ended higher by 14 points at 21,861. The S&P 500 climbed 3 points to 2,441.

Majority of Asian Stock indexes were trading in positive terrain in early trade on Monday. Japan’s Nikkei 225 has declined 165 points. Hong Kong Hang Seng has climbed 272 points and China’s Shanghai Composite has advanced 4 points.

Indian equities may open with a gap-up, tracking positive cues prevailing in Asian markets and the SGX Nifty which was trading with gains of 59 points at 9,786 is indicating a gap up start for the day.

Important stocks which will report their quarterly earnings on Monday are as follows Apollo Hospital, Coal India, Granules, Grasim, IDBI Bank, Jain Irrigation, JK Tyre, Tata Power and NBCC.