The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and global markets.
At 8.27 am (IST), SGX Nifty was up 46.50 points, or 0.56 per cent, at 8,242.
Infosys’ second quarter results which is due to be unveiled on Monday may impact market movement.
Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fueled by a rebound in commodities while the dollar struggled as hopes of a Fed rate rise this year grew even dimmer.
In a sign that the sentiment towards emerging markets may have turned a corner, the much-tracked Bank of America Merrill Lynch fund flow report showed that weekly outflows from emerging market funds were at their lowest since July.
Hang Seng, Nikkei and Shanghai were up 1 per cent, 1.64 per cent and 2.38 per cent at 22,683.01, 18,438.67 and 3,257.17, respectively.
On Wall Street, major indices closed slightly higher on Friday, chalking up one of the best weekly performances so far this year. S&P 500 e-mini futures was broadly flat in Asian trading on Monday.
Back home, Sensex and Nifty gained 0.87 per cent and 0.74 per cent at 27,079.51 and 8,189.70, respectively on Friday.
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