Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 44 points at the opening bell.
In the near term all eyes will be on earnings announcements and news related to the coronavirus pandemic. On the global front, the Fed meeting (April 28-29th) would be on investors' radar.
Market regulator Sebi on Monday decided to reduce broker turnover fees and filing charges on offer documents for public offering, rights issue and buyback of shares. The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021, the Securities and Exchange Board of India (Sebi) said in a circular.
Overseas, Asian markets were little changed as oil prices continued to slip following an overnight plunge.
In US, stocks rose on Monday as investors cheered news that more countries and US states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.
Back home, domestic barometers ended with decent gains on Monday, led by rally in financial stocks. The barometer S&P BSE Sensex, gained 415.86 points or 1.33% at 31,743.08. The Nifty 50 index rose 127.90 points or 1.40% at 9,282.30.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 916.42 crore on 27 April 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,141.97 crore on 27 April 2020, as per provisional data.
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