Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of November 8 in the green, after ending with minor cuts in the previous session.

In morning trade, Brent crude fell around 4.2% or $3.57 in absolute terms to the lowest price since July. It is a positive for the Indian markets because the country is a net importer of crude.

Stocks in Asia this morning rose after a rally in Big Tech pushed US stocks to their longest streak of gains in two years, with investors shrugging off the latest attempts from Federal Reserve speakers to tone down Wall Street’s optimism.

In the domestic market, Bata India, Lupin, Multi Commodity Exchange of India, Pidilite Industries, Power Finance Corporation, Tata Power Company, and United Spirits among others will report their quarterly earnings later in the day.

Among other stocks to track are IndiGo, Power Grid, Shree Cement, IRCTC, and Apollo Tyres.

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