Live: Sensex, Nifty Decline; RIL Down 4% Post Q2

Indian equity markets are off to a positive start, supported by a rebound in equity markets across the Asia Pacific.

The S&P BSE Sensex has opened 0.7% higher at 39,880 while the NSE Nifty 50 index opened near the mark of 11,700 - up 0.5% at 11,697. Both benchmark indices fell over 2% last week.

The gains in ICICI Bank has led to the Nifty Bank index opening with gains of nearly 2%. The PSU Bank index too has opened 1.3% higher.

Among other indices, the Nifty Auto and Nifty Realty index have opened with gains of 0.8% each, while other indices are trading flat.

Broader markets are mixed at the start of trade. The Nifty Midcap index has opened with gains of 0.4% while the Smallcap index is declining 0.2% at the start of trade.

Good Morning!

Indian equity markets are bracing up for a volatile week as investors look forward to the outcome of the U.S. presidential election and the Federal Reserve policy meet later during the period.

The Sensex and Nifty 50 reported losses of more than 2% for the week ended Oct. 30 as they continued to face resistance at higher levels.

Futures are pointing towards a flat start to the day's trade. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 11,662 as of 8:10 a.m. on Monday.

Nifty 50 constituents like Reliance Industries, ICICI Bank, UPL, IndusInd Bank may react to their quarterly results reported after market hours on Friday and over the weekend. Broader market names like Deepak Nitrite, Sheela Foam, Rain Industries and IFB Industries, among others, will also be in focus.

Among the Nifty 50 companies set to announce financials today are HDFC and NTPC. The broader market list includes firms like Zee Entertainment, Bandhan Bank, Cadila Healthcare, Ramco Cements, Wockhardt and Whirlpool.

Asian markets are currently trading higher in a volatile start to trade. Japanese markets are outperforming. Futures on the Dow Jones have reversed losses and are currently trading higher by 40 points.

West Texas Intermediate crude fell to a five-month low of $34.63 per barrel, down over 3%, while gold held gains at $1,881.5/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.