Indian stock markets are likely to see a gap-up opening on Monday. This week being the curtailed one, (markets are closed on Tuesday for Gurunanak Jayanthi), analysts expect volume to remain low. Related Stories Index Outlook: Sensex, Nifty 50 gear up for a fresh rally The benchmark indices have the potential to make new highs READ NOWSGX Nifty at 18,301 indicates another 100 points gain for Nifty at open as Nifty futures on Friday closed at 18,194. Healthy FPI flowWith foreign portfolio investors reposing faith on the Indian equities, analysts expect markets to remain in a consolidation mode. The spread of earnings has been decent with 70 per cent of our universe either meeting or exceeding profit expectations.

Source: The Hindu November 07, 2022 07:09 UTC