Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 41 points gain or 0.37 percent.
Nifty futures were trading around 11,012-level on the Singaporean Exchange.
The Nifty50 is expected to open flat on Wednesday following positive trend seen in other Asian markets as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit lifted sentiment.
On Wall Street, the S 500 ended little changed as a rally in energy and industrial shares countered a drop in the technology and real-estate sectors with investors favouring value over growth, said a Reuters report.
The rupee pared initial gains to settle almost flat at 71.71 against the US dollar on Monday as rising crude oil prices kept investors edgy.
On the institutional front, FPIs were net sellers in Indian markets for Rs 188 cr while the DIIs were net buyers to the tune of Rs 686 cr, provisional data showed.
Boris Johnson sends an unsigned letter asking for Brexit delay:
(LONDON) Prime Minister Boris Johnson sent an unsigned letter to the European Union mentioning a postponement to Britain’s exit from the bloc yet included another note wherein he clarified that he didn’t need a “deeply corrosive” Brexit augmentation.
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Johnson had recently said he would prefer to be “dead in a ditch” then request expansion to the Oct. 31 cutoff time.
In any case, he was constrained, by a law spent a month ago by opponents, to send a letter to the bloc requesting to push back the cutoff time to Jan. 31 after officials ruined his endeavor to pass his EU separation bargain on Saturday.
In an extraordinary step that demonstrates the extent of the Brexit fever grasping the United Kingdom, Johnson sent a sum of three letters to Donald Tusk, the leader of the European Council.
On the other hand, many fear that a hard Brexit will lead to unfavourable trade relationships, which could leave the UK falls into economic and financial disarray.
But is this likely to happen, and what will the situation actually look like if it does?
Let’s take a look at the current state of the Brexit negotiations and examine the impact of possible outcomes on the British economy.
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