Weak opening on the cards

The key benchmark indices edge higher in the early trade and buying spree continued throughout the trading session. The Nifty 50 index close above its important resistance level at 9,980 with gains of 0.92% and BSE Sensex ended above 31,800 mark with gains of 0.7%. The broader markets ended with smart gains as BSE Mid-Cap and Small-Cap index rose 0.95% and 1.09%, respectively. 

It was a dull trading session for the European indices as indices displayed mixed performance on Friday. The French CAC 40 Index lost 0.36% and the German DAX dipped by 0.09%. The FTSE 100 of the UK inched up 0.20%. 

US’ stock markets ended the last trading session of the week on a mixed note following the release of a report from the Labor Department showing and unexpected decrease in employment in the US in the month of September. Tech-laden Nasdaq ended with nominal gains and on the other hand, Dow and S&P 500 ended its winning streak as they ended the day with minor losses. The Dow slipped 2 points and the S&P 500 dipped 3 points. The Nasdaq inched up 5 points to a new record closing high of 6,590. 
  
The Asian equity markets lacked direction in early trades on Monday.  China’s Shanghai Composite re-open after holiday on a strong note, gaining over 1%, while the Hong Kong’s Hang Seng has slipped 125 points. Nikkei 225 was closed for public holiday. 

The domestic markets is likely to start the week on a dull note as the Nifty futures on the Singapore Exchange suggest that Nifty may open at 9,980 with losses of 40 points.