<p>The Indian markets on Monday opened with a gain of close to 2% on the back of sops announced by the government late on Friday evening, however, the weak global cues dragged the gains back.</p>.<p>The 30-share index of BSE, Sensex opened with a gain of 662.79 (1.8%) in the morning. However, immediately after it, taking cues from the global markets, Sensex witnessed a sell-off and was trading at 36,897.82 points, up 0.54% from Friday’s close.</p>.<p>In the pre-open trade, the Sensex had gained 900 points (2.5%), as well.</p>.<p>Similarly, broader index NSE Nifty opened with a gain of 171 points (1.6%), testing the 11,000-mark. However, the global sell-off impacted this index as well, and was 10,883.05 points, up 0.50% at the time of filing this copy.</p>.<p>"The opening market moves, while reflecting the sops, may be negated by global cues," said Anubhav Srivastava of Infinity Alternatives.</p>.<p>All the far eastern indices, except the ones from the Phillipines, have witnessed bloodbath on Monday, on back of global slow-down. “There is a slowdown and G7 are talking about joint efforts. Also, on Friday the US yield curve was all over the place ending inverted again,” said Srivastava.</p>
<p>The Indian markets on Monday opened with a gain of close to 2% on the back of sops announced by the government late on Friday evening, however, the weak global cues dragged the gains back.</p>.<p>The 30-share index of BSE, Sensex opened with a gain of 662.79 (1.8%) in the morning. However, immediately after it, taking cues from the global markets, Sensex witnessed a sell-off and was trading at 36,897.82 points, up 0.54% from Friday’s close.</p>.<p>In the pre-open trade, the Sensex had gained 900 points (2.5%), as well.</p>.<p>Similarly, broader index NSE Nifty opened with a gain of 171 points (1.6%), testing the 11,000-mark. However, the global sell-off impacted this index as well, and was 10,883.05 points, up 0.50% at the time of filing this copy.</p>.<p>"The opening market moves, while reflecting the sops, may be negated by global cues," said Anubhav Srivastava of Infinity Alternatives.</p>.<p>All the far eastern indices, except the ones from the Phillipines, have witnessed bloodbath on Monday, on back of global slow-down. “There is a slowdown and G7 are talking about joint efforts. Also, on Friday the US yield curve was all over the place ending inverted again,” said Srivastava.</p>
