Indian markets are likely to open in flat tracking global indices and SGX Nifty.
US Markets moved mostly over the course of the trading session on Monday adding
to the gains posted last week. With the upward move on the day the major
averages reached new record closing highs. The strength on Wall Street came
following the releasing of a report from the Institute for Supply Management
showing an unexpected acceleration in the rate of growth in manufacturing activity
in the month of September.
The European markets ended the first day of the new trading week in the green
extending their recent winning streak to eight straight sessions. Investors were
encouraged by official data released over the weekend which showed activity in
Chinas vast manufacturing sector grew at the fastest pace since 2012 in September.
Indian markets erased all early gains to end on a flat note Friday as investors
adopted a cautious stance ahead of a long weekend. Markets will be closed on
Monday on

Download Full Report View Full Report in Browser