Moneycontrol News

The Nifty50 is expected to open flat-to-positive on Monday following positive trend seen in other Asian markets. The index closed 91 points higher at 10,605 on Friday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange.

Asian markets were mixed in Monday trade, with the decline in oil prices weighing on energy stocks, while investors digested weekend news regarding US-North Korea relations, said a Reuters report.

Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world’s three top crude producers, Russia, the United States and Saudi Arabia, it said.

Foreign investors have pulled out a massive USD 4 billion (over Rs 26,700 crore) from capital markets so far this month, primarily due to surge in global crude prices.