Sensex, Nifty in green; HDFC, Wipro top performers

The 30-share Sensex has opened higher by 213 points at 27,671 and the Nifty gained 60 points at 8,402.

Markets have started the session on a positive note tracking firm Asian cues.

The 30-share Sensex opened higher by 213 points at 27,671 and the Nifty gained 60 points at 8,402.

Market participants would keep a close eye on oil prices amid rise in geopolitical tensions in West Asia as Saudi Arabia launched military operations in Yemen.

Rising tensions in the West Asia, liquidity conditions in the market and overall investment trend of foreign funds will largely dictate trend on the bourses in this holiday shortened week, say experts.

On the economic front, HSBC India Manufacturing Purchasing Managers’ Index (PMI) for March 2015 is due this week.

Moreover, the government would unveil eight core infrastructure industries data for February and unveil fiscal deficit data on Tuesday.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 320.52 crore on Friday, as per provisional data.

Domestic institutional investors (DIIs) bought shares worth a net Rs 674.76 crore on Friday, as per provisional data.

GLOBAL MARKETS

Asian stock markets were subdued on Monday in a week book-ended with Easter holidays across the globe and a US jobs report that could affect the timing of the first hike in interest rates there.

MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.4%, with Australia’s main index down 1.4% amid weakness in commodity prices.

Japan’s Nikkei dithered on either side of zero though there was some talk of demand for the new month and quarter. Seoul edged 0.2% into the black.

Federal Reserve Chair Janet Yellen on Friday reaffirmed that rates would likely start rising later this year but emphasised the pace of tightening would be gradual and data-dependent.

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