Markets are likely to rise on Monday following strength in global peers while trends in SGX Nifty suggest a mild positive opening of Indian benchmark indices. On Friday the BSE Sensex ended at 59,306.93, down 677.77 points or 1.13% and the Nifty was at 17,671.65, down 185.60 points or 1.04%.
Asian stocks edged higher on Monday, led by a post-election jump in Japan’s Nikkei, though bonds wobbled and the dollar firmed as traders braced for central bank meetings in Britain, Australia and the United States to define the rates policy outlook.
Japan’s Nikkei rose 2.3% to a one-month high after Prime Minister Fumio Kishida’s Liberal Democratic Party did better than expected at Sunday’s election, with exit polls showing the party easily retaining a majority.
Trade elsewhere was more muted, with MSCI’s index of Asia-Pacific shares outside…