Markets may open positive in view of the strong global leads

The Indian markets ended a rangebound session with little change on Friday. The market was led by buying in infrastructure and engineering major, Larsen & Toubro (L&T). Market bias remained very weak with just 690 advances and 1,000 declines on NSE. At the closing bell, the BSE Sensex settled at 31,688 with gains of 25 points and the Nifty index gained 5 points to close at 9,935.

Friday's session turned out to be lackluster for the European markets, as stocks fluctuated between small gains and losses throughout the day and settled with mixed results. The DAX of Germany rose 0.06%. The FTSE 100 of the UK declined 0.26% and the CAC 40 of France dipped 0.02%.

The US’ equity benchmarks ended the last trading session of the week on a mixed note. The weakness on the Wall Street emerged amid concerns about the economic impact of Hurricane Irma. The Dow Jones Industrial Average inched up 13 points to settle at 21,798. On the other hand, the Nasdaq Composite index dropped 38 points to finish at 6,360 and the S&P 500 closed with losses of 4 points at 2,461.

Asian stock indices opened higher on Monday, with the Japan’s Nikkei 225 trading higher by 1.40% and leading gains in early trade followed by the Hong Kong’s Hang Seng which has surged 0.97% and China’s Shanghai Composite gained 0.34%.

Indian stock markets are set for higher start tracking positive cues from Asian markets. The SGX Nifty, which was trading at 9,989 up by 42 points, indicating a gap up opening.