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Indian shares look set to open on a subdued note Tuesday as caution prevails ahead of a holiday on Wednesday for Diwali Balipratipada and the expiry of monthly derivative contracts due on Thursday. <\/p>\n
Local markets<\/span> were closed on Monday on the eve of Diwali. However, during one-hour special Muhurat trading session, domestic equities logged gains for a seventh straight session to close at one-month highs. <\/p>\n The Nifty 50 index went up 154 points or 0.88 percent to close at 17,731 whereas the BSE Sensex surged 524 points, or 0.88 percent, to end at 59,832.<\/p>\n After a muted performance in Samvat 2078 that saw benchmark indexes falling around 1.4 percent, market experts are forecasting a better show over the next 12 months. <\/p>\n Corporate earnings, the direction of bond yields, oil price movements and global cues may sway sentiment as the week progresses.<\/p>\n Asian markets traded mixed this morning, oil edged higher, and the dollar eased against its major rivals amid hopes the Federal Reserve will signal a slowdown in monetary policy tightening after lifting rates by another 75 basis points next week.<\/p>\n U.S. stocks rose sharply overnight, as investors awaited tech earnings and weak PMI figures for October bolstered hopes that the Fed might pivot from its tightening of monetary policy. <\/p>\n The Dow climbed 1.3 percent and the S&P 500 added 1.2 percent to reach their best closing levels in a month while the tech-heavy Nasdaq Composite rose 0.9 percent.<\/p>\n European stocks rose on Monday after the announcement that Rishi Sunak would replace Liz Truss as U.K. prime minister.<\/p>\n The pan-European STOXX 600 index closed 1.4 percent higher at its highest level in nearly a week. <\/p>\n The German DAX and France’s CAC 40 index both gained around 1.6 percent while the U.K.’s FTSE 100 inched up 0.6 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n