The market has opened weak but the Nifty is holding 8200. The 50-share index is down 36.40 points or 0.4 percent at 8225.35 and the Sensex is down 86.61 points or 0.3 percent at 26660.57. About 199 shares have advanced, 99 shares declined, and 29 shares are unchanged.
Asian markets higher; Nikkei up 1%, ASX and Kospi up 0.3%
The Nikkei 225 surged 0.98 percent at its open, as the yen weakened against the dollar, trading at 115.39 as of 8:05 am HK/SIN, compared to levels around 113 last week.
Japan's benchmark share index jumped early on Monday as crude prices surged higher on a deal reached at the weekend between OPEC and non-OPEC producers. The Nikkei 225 surged 0.98 percent at its open, as the yen weakened against the dollar, trading at 115.39 as of 8:05 am HK/SIN, compared to levels around 113 last week.
In Australia, the benchmark ASX 200 was up 0.28 percent, buoyed by its energy sub-index, which was up 2.53 percent.
New Zealand's NZX 50 was up 0.032 percent in early trade. The country's ruling party announced Bill English as the new prime minister, following the surprise resignation of John Keys last Monday.
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