MARKETS: Sensex up 100 pts, Nifty tests 17,950; IndusInd Bank slides 8%

Opening Bell

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Its NSE counterpart Nifty50 was at 17,952 levels, up 35 points or 0.2 per cent.

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In the broader market, the BSE MidCap and SmallCap indices gained up to 0.28 per cent.

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Domestic equities look set to open on a firm note on Monday amid mixed global cues. The BSE Sensex was up 318 points, or 0.7 per cent, at 60,386 levels in the pre-open session. The NSE Nifty, meanwhile, reclaimed the 18,000-mark at 18,040, up 123 points.

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LIVE market updates: The markets are set to resume normal trading after a four-day break today on Monday amid positive domestic and global cues. At 8:15 AM, SGX Nifty was at 17,993, up 53 points.

Primary market action

Digital payments company Paytm will open its initial public offer (IPO) for subscription on Monday (November 8). The three-day IPO will close on November 10. At $2.46 billion, Paytm IPO is said to be the biggest in India.

Earnings to Watch

3i Infotech Andhra Paper, Aurobindo Pharma, Automotive Axles, Balrampur Chini, Britannia, EID Parry, Fortis Hospitals, Goldiam International, GVK Power, PTC India, RS Software, Shankara Building, Sobha, Tamilnadu Petroproducts and Wockhardt Pharma few of the major companies scheduled to report earnings today.

Global cues

On Friday, the S&P 500 index rose 0.4 per cent, and the Nasdaq added 0.8 per cent. Dow Jones, however, was down 0.1 per cent.

This morning in Asia, the Nikkei was down 0.2 per cent, and the Hang Seng slipped 0.7 per cent. The Kospi had dropped 1.2 per cent while Shanghai and S&P/ASX 200 were also wee bit in red. The Straits Times, however, was up 0.8 per cent.

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