After 3 consecutive drops, Sensex, Nifty is expected to open higher on Monday

By Malvika Gurung – After ending on a choppy note on Friday, the Indian market is expected to open on a positive to high note on Monday as the Singapore Stock Exchange-listed SGX index traded 30.5 points higher , or 0.17% up to 17,780.50 at 8:15 am, indicating a positive start on D-Street.

Supported by selling pressures created by foreign investors amid indications that central banks would soon start draining liquidity from the system, India’s benchmarks fell for the third session in a row on October 29, 2021, with Sensex losing 677 , 77 points or 1.1% to 59,306.93, while 185.60 points or 1.04% to 1,771.70.

Benchmarks for Asian markets opened on a mixed note in Monday’s session, as Asia-Pacific stocks outside of Japan (MSCI’s broadest index) fell by 0, 97% or 6.33 points to 647.46, while Japan traded at gains of 2.21% at 8:20 am. .

South Korea traded slightly higher by 0.46%, while China also gained 0.056% or 1.99 points.

Wall Street ended higher on Friday, with decent gains pushing major indices to all-time highs.

The three major US indices,,, and ended Friday with gains of 0.25%, 0.19% and 0.33% respectively.

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