The S&P BSE Sensex is trading at 25,615 up mere up five points, while NSE Nifty is trading at 7,780 down nine points. The BSE Mid-cap Index is trading up 0.68% at 10,591, whereas BSE Small-cap Index is trading up 0.44% at 10,745.
The Dow gained 0.63% and S&P 500 added 0.45%. Nasdaq was up half a percent. Japan's Nikkei is up and so is Hong Kong's Hang Seng index. China's Shanghai index was marginally lower. The rupee could gain some strength initially as it reacts to macro data released on Friday. Later, it could come under pressure as speculation builds up regarding the Fed meet later this week.
JK Tyres will be in focus as JK Group will acquire BK Birla flagship firm Kesoram Industries' tyre manufacturing plant at Haridwar for up to Rs 2,200 crore. The stock of Amtek Auto which skyrocketed on Friday after management clarification will remain in focus. A report stated that a default risk arising out of Amtek Auto could well deflate expansion in high-yielding credit funds as wealthy mutual fund investors may resort to panic selling amid rating downgrades.
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