A firm opening on the cards on positive global cues

The start for the Indian benchmark indices is likely to be firm today on the back of positive global cues. As per early SGX indication, Nifty Fut (Nov) may open around 10,349 with gains of 35 points at the opening bell.  

Equity markets in Asia were trading higher in early deals on Tuesday. Japan's  Nikkei 225 has jumped 1.09%, followed by Hong Kong’s Hang Seng and China’s Shanghai Composite, which were up by 0.83% and 0.55%, respectively.  

Back home, benchmark indices ended flat after moving in a narrow band for most part of the trading session. Buying interest was seen in the broader markets, with Nifty Mid-Cap and Small-Cap indices outperforming the benchmark indices. Sector-wise, Realty index continued to witness positive momentum and ended with gains of over 2% followed by Metal and FMCG. At the end of the session, BSE Sensex added 0.05% to finish at 33,360 and Nifty rose 0.15% to finish at 10,299.   

On the Wall Street, all three major indices closed in the positive territory on Monday, with the Dow leading the gains. The Dow Jones Industrial Average climbed 72 points to close at 23,430, Nasdaq Composite advanced 8 points to finish at 6,791 and S&P 500 added 3 points to end the day at 2,582.  

The European indices had a weak start on Monday due to political uncertainty in Germany . However, the indices managed to bounce back from lower levels into positive territory. At the end of the day, the German DAX index rose 0.50%, the French CAC 40 index gained 0.40%, while FTSE 100 of the UK inched up 0.12%