Indian benchmark equity indices BSE Sensex and Nifty 50 opened higher on Monday.
Indian benchmark equity indices BSE Sensex and Nifty 50 opened higher on Monday.
At the opening bell, the BSE Sensex was up 410 points, or 0.52 per cent, at 79,812, while the Nifty 50 was at 24,286, up 106 points, or 0.44 per cent.
Global Cues
Apart from that, markets in the Asia Pacific region were mostly higher on Monday morning.
Japan’s benchmark Nikkei 225 and its Topix index climbed after the country’s Liberal Democratic Party lost its majority in Japan’s lower house following elections on Sunday.
The LDP and its coalition partner Komeito have secured 215 out of 465 seats, public broadcaster NHK reported early Monday morning local time. The opposition Constitutional Democratic Party and the Democratic Party for the People also made significant gains in this election.
Read More: Upcoming IPOs: No new issues, 8 listings scheduled ahead of Diwali; check list here
The Nikkei was up 1.4 per cent, leading gains in Asia while the Topix was up 1.18 per cent.
South Korea’s Kospi climbed 0.59 per cent, while the small cap Kosdaq was 1.02 per cent higher.
Australia’s S&P/ASX 200 rose 0.15 per cent.
Hong Kong’s Hang Seng index was up 0.13 per cent, while mainland China’s CSI 300 was up 0.11 per cent and the Shanghai Composite was up 0.17 per cent.
However, global stocks had slipped on Friday, finishing the week lower amid US election jitters.
The benchmark S&P 500 ended slightly lower and closed the week down nearly 1 per cent, driven by losses in utilities and financials as well as gains in technology and communication-services stocks. Nasdaq finished the week higher.
The Dow Jones Industrial Average fell 0.61 per cent to 42,114.40, the S&P 500 eased 0.03 per cent to 5,808.12 and the Nasdaq Composite rose 0.56 per cent to 18,518.61.
The European shares index ended down 0.03 per cent after giving up gains in choppy trading and finished 1.2 per cent lower for the week.
