Indian markets are likely to open flat with a positive bias tracking the SGX Nifty and
Asian markets.
Following the mixed performance seen last week stocks moved mostly higher during
trading on Monday. With upward move on the day the tech heavy NASDAQ and
SP once again climbed to new record closing highs. A significant increase in crude
oil prices generated buying interest in some counters.
Majority of the European Indices ended with a positive bias and gained marginally.
While during the day they traded in narrow range commodity related stocks and
energy companies were in buying interest during the day. Oil prices saw an up
move and that seems helped in buying interest.
The Indian markets continued their upward. The IIP data on the revised series gave
healthier picture of the economy on one hand while on the other hand a favorable
inflation data brought in renewed hope for a rate cut. Selective banks pharma and
metal companies were in buying favor on Monday. With fav

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