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Bargain hunting may emerge after recent steep losses

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Trading of 50 futures on the stock exchange indicates that the could rise 13.50 points at the opening bell.

Overseas, most Asian stocks were trading higher on Monday. The Chinese and Hong Kong markets are closed today.

Japan's advanced on the back of the release of a survey conducted by the which showed confidence among the country's falling for the third consecutive quarter.

On Sunday, the release of data showed growth in China's slowing down in September, with both external and domestic demand weakening. The Caixin/Manufacturing which focuses on small and medium-sized firms in fell to 50.0 in September from 50.6 in August.

The data comes as the US-trade war continues to escalate, with new tariffs imposed between the two countries on 24 September 2018 and threatening to slap tariffs on virtually all Chinese imports into the

In US, stocks closed mostly unchanged for the session on Friday after economic data painted a mixed picture of the

On the economic front, consumer spending rose 0.3% in August, the slowest pace since February. Personal income also rose by 0.3%. The 12-month increase in the index, the Federal Reserve's preferred inflation gauge, fell to 2.2% from 2.3%.

The fell to a five-month low 60.4 in September. A reading of consumer sentiment came in at 100.1 in September.

Meanwhile, the and have reportedly reached an agreement on a framework North American Free Trade Agreement deal. The new agreement framework involves offering more dairy access to US farmers, as well as agreeing to a side-letter arrangement effectively capping automobile exports to the United States, the reports said.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,699.94 crore on 28 September 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 3,256.34 crore on 28 September 2018, as per provisional data.

Key equity benchmarks declined for third day in a row on Friday, 28 September 2018, weighed by losses in Larsen & Toubro, and The Sensex fell 97.03 points or 0.27% to settle at 36,227.14. The 50 index fell 47.10 points or 0.43% to settle at 10,930.45.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 01 2018. 07:59 IST
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