Monday morning may bring blues to investors as the bearish trend in the market may continue at the opening bell, hinted the Gifty Nifty Futures, despite positive global cues. At 07:15 AM, the Gift Nifty futures were down nearly 73 points against the Nifty 50 futures at 22,050.
Dalal Street saw a bearish trend last week, however markets in Asia showed positive signs on Monday morning, giving some hope for a resistance to the bearish trend.
Japan’s Nikkei 225 surged by 1.34 per cent, leading the gains in Asia, accompanied by a 1.21 per cent climb in the Topix index. South Korea’s Kospi gained 0.45 per cent, whereas the small-cap Kosdaq advanced by 0.9 per cent.
However, Hong Kong’s Hang Seng index futures opened in red, down by 0.31 per cent at 16,669 against a previous close of 16,720.
China is scheduled to unveil a range of economic indicators on Monday, such as February’s retail sales, industrial output, and urban unemployment figures.