HDFC Bank, Idea Cellular among top stocks that will remain in focus today
The Sensex and Nifty are expected to open higher on Monday tracking positive trend in Asian markets as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could drag global economic growth lower. At 8:00 am, the SGX Nifty was trading at 10,718.50, up 39 points or 0.37 per cent.
On Friday, the Sensex and Nifty settled lower as optimism over robust growth data was tempered by renewed concerns of a global trade conflict. Profit-booking in power, utilities and banking stocks offset gains in auto counters, which spurted following upbeat sales figures for May.
The Sensex ended at 35,227, down 95.12 points, while the broader Nifty50 was ruling at 10,696, down 39.95 points. Broader markets underperformed with the BSE Midcap and the BSE Smallcap indices slipping up to 1.5 per cent.