Domestic markets may inch higher

The Indian shares started the fresh week on a positive note and traded on a firm note throughout the day and ended the session with decent gains. Nifty ended the session above important psychological 10,000 mark and the BSE Sensex closed higher by 195 points at 31,882. Among the sector indices the Capital Goods, Power and Banking stock were buzzing on the bourses. The broader markets also ended the session with hefty gains as the BSE Mid-cap ended higher by 0.70% and the Small-cap finished up 0.80%.  

The major European markets moved to the upside at the start of the new trading week. Insurance stocks moved higher on Monday. The DAX of Germany ended with gains of 1.39%. The CAC 40 of France finished higher by 1.24% and the FTSE 100 of the UK rose 0.49%. 

The US’ stocks started the week on a positive note and ended the session with solid gains with the benchmark S&P 500 ending the session at an all-time high. The Dow Jones Industrial Average climbed 260 points to close above important psychological 22,000 mark. The tech-heavy Nasdaq Composite Index gained 72 points to finish at 6,432 and the S&P 500 added 27 points to close at 2,488.   

Markets across Asian were mostly trading in green after a strong rally on Wall Street in overnight trade. The Japan’s Nikkei 225 was up 0.98%. The China’s Shanghai Composite added 0.04% and Hong Kong’s Hang Seng was trading with marginal losses. 

Indian markets may edge higher in opening trades and extend the rally led by positive global cues. The Nifty futures on the Singapore Exchange were up 30 points, at 10,055.