Pre-market: Upmove likely to continue

The upward momentum is expected to continue today on Dalal Street, thanks to strong global cues and bouyant FIIs inflow.

The Dow Jones Industrial Average rose 120 to 12,106 on Monday, helped by fresh wave of merger activity. Bullish sentiment on Wall Street has helped lift sentiment in Asian markets. 

Brokers point out that they expect investor interest in sector specific stocks like FMCG, select oil and gas counters.

However, analysts  warn that they expect volatility to increase, given the current levels of the index. Other Asian markets like the Nikkei surged 138 points to 16,503.

FIIs were net buyers of shares worth Rs 227.4 crore on Friday.