Moneycontrol News

The Nifty50 is expected to open higher on Monday following positive trend seen in other Asian markets. The index closed 39 points higher at 10,696 on Friday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 44 points or 0.41 percent. Nifty futures were trading around 10,723.50- level on the Singaporean Exchange.

Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the US economy and geopolitical tensions eased, said a Reuters report.

Asian shares edged up on Monday as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could drag global economic growth lower, it said. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent while Japan’s Nikkei rose 1.0 percent.

Foreign investors pulled out a massive Rs 29,714 crore from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices.