Indices may edge lower in early trade

Indian equity markets traded on a firm note and ended the session with decent gains on Friday. The BSE Sensex surged 162 points to 31,892, while the Nifty index jumped 57 points to finish at 9,974. Investor’s cheered data showing rebound in India’s manufacturing activity in the month of August and strong auto sale data unveiled by automakers boosted sentiments. 

The European stock indices edged higher on Friday. The DAX of Germany rose 0.72% and the CAC 40 of France climbed 0.74%. The FTSE 100 of the UK finished higher by 0.11%. 

The US’ stocks the last trading session of the week with modest gains. The technology-laden Nasdaq Composite Index moved higher by 7 points to finish at 6,435. The Dow Jones Industrial Average ended at 21,988 up by 39 points. The S&P 500 index climbed 5 points at 2,477.  

Asian stock markets are mostly lower on Monday after North Korea had gone ahead and conducted another nuclear test, which resulted in a 5.2 impact on the Richter scale. In fact, North Korea now claims to have perfected its Hydrogen Bomb technology that can be devastating when combined with the ICBMs. The Hong Kong’s Hang Seng has tumbled 113 points and Japan’s Nikkei 225 has lost 170 points. While China’s Shanghai Composite has advanced 8 points
 
The Indian key benchmark indices may see a weak opening as cues from Asian peers are pessimistic. The SGX Nifty, which was trading at 9,987 down by 27 points, indicating negative start for the day. 

On Sunday, cabinet reshuffle was announced Nirmala Sitharaman was appointed the defence minister. Piyush Goyal, the former power minister, has been shifted to the Railway Minister. Suresh Prabhu resigned as the railway minister and was allocated the Commerce Ministry.