MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent firmer at 549.71 points, not far from a 10-year high of 554.63 set last week.
NDTV Profit Team | Last Updated: October 24, 2017 09:16 (IST) NDTV Profit Team
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The Sensex closed 116.76 points or 0.36% higher on Monday (Representational image)
Indian shares are likely to open flat today with SGX Nifty on Singapore exchange trading slightly lower. Asian shares held within a striking distance of recent decade highs on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent firmer at 549.71 points, not far from a 10-year high of 554.63 set last week. Australian shares also edged higher and back towards a five-and-a-half-month peak touched on Monday, while Japan's Nikkei fell 0.2 per cent from a 21-year high. Investors were closely watching China and the 19th Communist Party Congress, which winds up on Tuesday and at which President Xi Jinping is expected to release the composition of the Standing Committee - the apex of power in the country. In the United States, the Dow Jones Industrial Average fell 0.23 per cent, the S&P 500 lost 0.40 per cent and the Nasdaq Composite slipped 0.64 per cent. European STOXX 600 shares rose 0.16 per cent, although Madrid's bourse IBEX shed 0.6 per cent as Spain's crisis entered another week.
The Sensex closed 116.76 points or 0.36 per cent higher on Monday, ending its three-day losing streak. The 30-share index settled at 32,506.72, driven by gains in Reliance Industries, Bharti Airtel, ICICI, HDFC Bank and Infosys. The Nifty scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Market expert Lovelesh Sharma shared his trading calls:
Buy Axis Bank on dips for a target price of Rs. 540 with stop loss at Rs 500
Buy Bajaj Auto for a target price of Rs. 3,300 with stop loss at Rs. 3,090
Disclaimer: Investors are advised to make their own assessment before acting on the information.
