INSUBCONTINENT EXCLUSIVE:
The US stocks rocketed higher on Monday, with the major indexes rallying at least 7%,The benchmark indices are poised to open higher after
the extended weekend due to favourable cues from the global market front
Wall Street had a strong session overnight, Asian markets were looking good in early trading and trends on SGX Nifty also indicated a firm
opening for the markets back home
The financial markets were shut on Monday, April 6, on account of Mahavir Jayanti.Trends on SGX Nifty indicate a positive opening for the
index in India with a 179 points gain
The Nifty futures were trading at 8,508, higher by 179 points, on the Singaporean Exchange around 07:30 hours.Asian markets rallied on signs
of a slowdown in coronavirus-related deaths
Nikkei futures had gained 2.3% p-er cent, while Hong Kong futures were up and Australia futures also rose in early trade.US stocks rocketed
higher by 7 per cent on Monday after a fall in the daily death toll in New York, the country's biggest coronavirus hot spot, fueled optimism
a leveling off of the pandemic was on the horizon
The Dow Jones rose 1,627.46 points, or 7.73 per cent, to 22,679.99, the S-P 500 gained 175.03 points, or 7.03 per cent to 2,663.68 and
Nasdaq Composite added 540.16 points, or 7.33 per cent, to 7,913.24.Oil rose on Tuesday amid hopes that the world's biggest producers of
crude will agree to curtail production as the coronavirus pandemic ravages the global economy
Brent crude was up by 73 cents, or 2.2 per cent, at $33.78 a barrel and US crude was up by 97 cents, or 3.7 per cent, at $27.05 a
barrel.Meanwhile, India's services activity contracts to a 5-month low in March amid the coronavirus scare and resultant 21-day lockdown
The Nikkei/IHS Markit Services Purchasing Managers' Index fell sharply to a five-month low of 49.3 in March from February's seven-year high
of 57.5, below the 50-mark separating growth from contraction for the first time since October.The equity markets had fallen 2 per cent last
The S-P BSE Sensex index ended 674.36 points lower at 27,590.95 and the broader NSE Nifty 50 benchmark settled at 8,083.80, down 170.00
Benchmark indices have nosedived for the seventh consecutive week ended April 3 amid worries over increasing COVID-19 infected cases
