Indian equities on Monday (September 2) are set to start with mild gains as indicated by the GIFT Nifty futures trading higher by 0.08 per cent. On the previous day, Indian equities continued their rally for the twelfth day with Nifty ending at 25,236. 

Global markets 

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Most Asian markets traded strong as investors braced for a data-packed week. Hong Kong's Hang Seng, however, was down as investors remain worried about cooling liquidity for the real estate sector. At the last count, the index was down over 1.5 per cent. Meanwhile, US markets in Friday's session ended higher with both NASDAQ and S&P 500 indices ending higher by over 1 per cent.

The markets are also factor in the Fed's inflation gauge that assured of a rate cut in the September meet. Nevertheless, the jobs later due this week will reveal the quantum of the cut. 

Optimism on Dalal Street is further fueled by a 3.1% drop in WTI crude futures and strong FII buying of Rs 9,217 crore last week. Investors are now eyeing the August US jobs report, set to be released on September 6th, which could shape the Fed's next move, added Prashanth Tapse, Senior VP (Research), Mehta Equities.