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Global risk appetite improved amid speculation the Federal Reserve will continue stimulus measures to boost the world’s biggest economy, US.
At 7:30AM IST, SGX Nifty traded up 10 points to 5,722.
Asian shares gained with China's Shanghai Composite Index gained 0.22% to 2, 278 , Singapore's Straits Times added 0.3% to 3,247 , Hong Kong's Hang Seng rose 0.44% to 22,638 while Japan's Nikkei gained 1% to 11, 767,
Overnight, Dow Jones gained 38 points to 14127.82 while Nasdaq rose 12 points to end at 3182.03 Following stocks are expected to move today:
Tata Motors, India’s largest automaker by revenues, has slashed the prices of its hatchbacks and sedans by up to Rs 50,000, to stimulate sagging sales.
State Bank of India (SBI) raised its forecast for credit growth in the current financial year to 21 per cent from the earlier estimate of 18 per cent.
Meanwhile, telecom major Bharti Airtel on Monday raised $1 billion through a bond sale in the foreign market, merchant bankers said.
GMR Infrastructure, which has been creaking under a leverage of three times on a debt of Rs 37,000 crore, said it would sell its 70 per cent stake in a Singapore-based Island Power, for $488 million.
