Markets likely to open in the green on positive global cues

The Indian equity markets, after a long Diwali weekend, are expected to open on a flat-to-positive note during early trade on Monday on the back of positive global cues. The SGX Nifty is trading flat at 10,186.50 with modest gains of 16 points.  

Stocks of companies like Havell's India, Hindustan Zinc, Indiabulls Housing Finance, Nocil, Graphite India and Zuari Agro will be in focus today as these are expected to announce earnings today.  

Majority of the markets in Asia were trading in the green in early trades on Monday after strong rally on Wall Street on Friday. The  Nikkei 225 is leading the region with gains of 0.97% and  China’s Shanghai Composite has added 0.02%.  On the negative side, the Hong Kong’s Hang Seng has lost 0.71%.  

Back home, Indian benchmark indices ended lower in a brief session on special ‘Muhurat’ trading for the festival of Diwali on Thursday. The trading session, which lasted slightly for an hour on Thursday, saw the BSE Sensex settling at 32,406 with loss of 194 points and the Nifty 50 index slipping 64 points to settle at 10,147.  

In the US, all the three benchmark indices reached new record closing highs on Friday after the Senate adopted a Federal budget for the next year, a key step on the road to tax cuts. The Dow Jones Industrial Average surged 166 points to 23,329, the Nasdaq Composite Index climbed 24 points to 6,629 and the S&P 500 added 13 points to 2,575.  
  
The European markets ended Friday’s session with modest gains. The French CAC 40 index inched up 0.1%, the German DAX and the FTSE 100 of the UK slipped and both closed just above the neutral line.