Indian markets are expected to open positive tracking SGX Nifty strong global
markets.
After strong gain on Friday the US markets further advanced ahead of the result
season. The better than expected job data gave a renewed confidence to investors
and who feel that the BREXIT concern was overblown and its earnings what needs to
watch out for now.
The European markets closed further high on expectations of renewed stimulus by
the central bank.
Indian markets opened gap up on Monday after Fridays bullish market in the US
where the Dow Jones and Nasdaq gained strongly after better than expected job
data. There was broad based buying across banks auto and selected infrastructure
companies. Index heavy weight HDFC twin also remained active during the days
trade. The result season has started with a great note with IndusInd Bank reporting
strong set of results.
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