Sentiment in the market will also be guided by other major market movers like trend in the rupee, Brent crude and foreign capital flows.
Besides, the National Stock Exchange has revised circuit limits of 302 stocks with effect from today. The circuit limit of Adani Gas, Angel Broking, Arvind Fashions, Central Bank of India, Emkay Global, SH Kelkar and Company and Snowman Logistics has been revised to 20 per cent from 10 per cent.
Asian shares were mixed early Monday. Japan’s Nikkei fell 0.3 per cent while Australian shares climbed half a per cent. Hong Kong’s main index, meanwhile, slipped over 1 per cent.
On Wall Street, stock indexes reached fresh all-time highs on Friday on hopes of a much-needed US stimulus package before year-end just as coronavirus vaccines roll out, while oil prices hovered near their highest since March. The Dow rose 0.8 per cent, the S&P 500 gained 0.9 per cent and the Nasdaq added 0.7 per cent.
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