Indian markets are likely to open positive tracking global indices and SGX Nifty.
The US markets moved mostly higher during trading on Monday although trading activity was somewhat subdued. With the upward move on the day the major averages reached new record closing highs. The Dow inched up 9 points to 23548 while the Nasdaq rose 0.3 percent to 6786 and the SP 500 crept up 0.1 percent to 2591.
Londons benchmark index closed at 7562 points a 0.03 per cent gain from Friday’s close. The index hit another record closing high as commodity continue to firm up. Oil companies and miners were among the leading performers as commodity prices rose.
The BSE Sensex hit a fresh record on Monday as it settled at 33731 driven by betterthan expected earnings by bluechip companies. NSE Nifty however pulled back from record on profit booking and ended in the negative terrain. The Sensex after scaling an alltime high of 33848.42 intraday settled at the new high of 33731 up 0.1%. Th
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