The 30 share BSE Sensex opened 200 points up at Rs 36,280 while NSE Nifty50 opened at Rs 10,920, climbing 60 points courtesy strong US and Asian markets. The retail, auto and banking shares are trading in green.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Bank Nifty opened in the green at Rs 27,260, up by 135 points. Crude was stable and closed at $52.25 per barrel on Friday. Indian rupee appreciated by 14 paise to Rs 69.8 per dollar.

This positive sentiment was also courtesy a tweet. Global markets were expected to move upside after a tweet from Donald Trump on Saturday on positive talks with the Chinese President. Trump mentioned that the deals in offing will be positive for both the countries' economies and, most important, will put an end to the fierce trade war. 

Though Dow Jones closed in the red at 23,062, down by 0.33 per cent on Friday, Nasdaq was stable at 6,584, even as investors awaited clarity on US government shutdown that has spanned 9 days now. The European DAX witnessed a 1.71 per cent surge at the close. 

IT, oil and gas and Banking shares contributed majorly to global indices jump. The negative streak of over one week for the US markets ended on Wednesday after signs of political stability emerged in Trump government. 

Positive global market, foreign institutional investors (FII), domestic institutional investors (DIIs), future and option (F&O) and sentiments cues, suggests that the short-term trend of the Indian market will be positive on Monday's session, the last day of trading of the year.

Strong opening of Asian markets, will likely help Indian markets, throughout the trading session, as the SGX Nifty is trading over 10,900 levels. 

A positive opening was expected as the global markets have strengthened and the impact on the Asian markets was also positive on Monday. However, Japanese and Korean markets are to remain closed today. 

Read this Zee Business tweet

Stock in news:

Jet Airways: Rs 1500 crore loan agreement with SBI
 
Kotak Mahindra Bank: RBI ordered to reduce the promoter's stake to 20 per cent from 30 per cent. 

IDBI Bank: Collected Rs 14,500 crore via issuance of 239 crore shares to LIC.

MCX: After Zee Business initiative, NCDEX reduced Agri-trading time by 1 hour, now its from 9 A.M to 5 P.M.

Cadila Health: Zydus Cadila got U.S FDA approval for a medicine.

CIPLA: Recalled 4800 medicine bottles of HIV aids due to chemical concerns.

Sanghi Industries: Franklin Templeton bought 51.8 lakh shares, while Max Life Insurance sold 20 lakh shares.

Watch this Zee Business tweet video

Strong opening of Asian markets, will likely to help Indian markets in the Monday's session.

If Nifty hits the upper target of 11,000, the market will likely to get stronger in the coming weeks. Rupee appreciation, the US political issues, sign of relief in trade war between China and the U.S, the contribution of auto, IT, infrastructural, metal could drive the national indices towards higher brackets in upcoming sessions. 

However, minor stability in the international markets or slight recovery can break the levels of 10,760 for Nifty50 in the session. Rupee appreciation, the US political issues, and contribution of auto, IT, infrastructural, metal could drive the national indices towards higher brackets in upcoming sessions.