Markets may open positive in view of the strong global leads and influential RIL’s performance

Indian benchmark indices got off to a positive start on Monday, and thereafter indices slowly and steadily gathered steam and surged higher. Post the opening of European market, the indices extended their rally, and ended the session higher. Eventually, the NSE’s 50-share broadly followed index, Nifty, got strengthened by over a per cent to settle above the crucial 9200 support level; while Bombay Stock Exchange’s Sensitive Index-Sensex, accumulated around three hundred points and closed above the psychological 29,600 mark.The European markets rallied on Monday after centrist, Emmanuel Macron won the first round of voting in France on Sunday. The DAX of Germany climbed 3.37 per cent and the CAC 40 of France rose 4.14 per cent. The FTSE 100 of the U.K. gained 2.11 per cent.U.S. stocks gained on Monday. The Dow Jones Industrial Average gained 216 points to close at 20,764. The S&P 500 advanced 25 points to close at 2,374. The Nasdaq Composite rallied 73 points to 5,984.Asian markets surged higher on Tuesday, tracking strong leads from Wall Street. Japan’s Nikkei 225 advanced 150 points.  China’s Shanghai Composite is trading with gains of 4 points and Hong Kong’s Hang Seng surged 198 points.At 8:05 am, SGX Nifty Index was trading with gains of 22 points at 9249, indicating a positive start for Indian equities.  LIC Housing Finance, M&M Fin, Wipro, Can Fin Home and IDFC Bank will report their Jan-Mar quarter numbers today.  Reliance Industries stock will be in focus as company announced their earning post market hours on Monday. 

SGX Nifty

sgxnifty.org@imediaone.com

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