The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index may reclaim its crucial psychological level of 8,000 levels in trade today. At 08:00 A.M., Nifty India stock futures in Singapore were trading 71 points higher at 8,030 indicating a positive opening on the domestic market.
Benchmark indices wrapped up the week ended October 02, 2015 in positive zone. The S&P BSE Sensex rose 1.38 per cent, while Nifty closed 1.05 per cent higher.
Nifty Future closed below the psychological 8,000 mark on Thursday after hitting one-week high. Benchmark indices reclaimed their key psychological levels triggered by a steeper-than-expected rate cut by the Reserve Bank of India (RBI) on 29th September 2015.
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