The BSE Sensex gained over 186.14 points to close at a one-week high of 28599.03 on Friday on account of buying in frontline bluechip counters amid firm global markets on receding fears of a US interest rate hike. NSE Nifty 50 index closed 37.30 points up at 8779.85.
Below are five things you should know before market opens on Monday:
1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) were trading 5 points, or 0.06 per cent, down at 8,803 (at 8.00 am), indicating flat to negative start of domestic equity markets on Monday.
2) Asian peers were trading higher on Monday ahead of central bank meetings in the United States and Japan this week. Hang Seng and Shanghai were trading 0.63 per cent and 0.56 per cent up at 23,484.63 and 3,019.33, respectively.
3) The Dow Jones Industrial Average index dipped 88.68 points, or 0.49 per cent, to 18,123.80. The Standard & Poor’s 500 index lost 8.10 points, or 0.4 per cent, to 2,139.16. The Nasdaq Composite fell 5.12 points, or 0.1 per cent, to 5,244.57.
4) Stocks in focus: Unitech and Dr Reddy’s Labs will remain in focus on Monday. Realty firm Unitech Ltd’s sales bookings doubled to Rs 362 crore during the quarter ended June 30, compared with the year-ago period, on higher volumes in the commercial segment.
Dr Reddy’s Laboratories (DRL) has expanded its strategic collaboration with US-based independent biotechnology firm Amgen to market and distribute in India three of latter’s medicines, used in the therapy areas of oncology and osteoporosis.
5) ICICI Prudential Life IPO will hit capital markets on Monday. The company is believed to have allotted shares worth Rs 1,635 crore to a clutch of marquee investors from India and abroad, including Singapore Government, Nomura and a pension trust for Boeing employees.