Markets likely to open positive tracking mixed global cues
Indian equities are expected to open with a positive bias tracking mixed cues from the Asian equities. The early indicator, SGX Nifty is trading with 0.3% gains.
The markets closed higher on Monday with BSE Sensex reclaiming the crucial 26,000 mark while the Nifty50 closing above its psychological mark of 7,900.
Meanwhile, investors will remain cautious ahead of F&O expiry of the December series, scheduled for December 31, 2015.
On commodities, the renewed downfall in crude oil prices has put pressure on the global equities with Brent again going near an 11-year low to quote at $36.60/barrel pressured by weak Japanese consumption of oil and renewed worries about oversupply.
Gold struggled to recover from overnight losses as a continuous slide in oil prices dented demand for the yellow metal.
Meanwhile, Foreign Institutional Investors (FIIs) were net sellers to the tune of Rs 302.62 crore on Monday as per provisional stock exchange data.
Read full article: Business Standard
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