Indian benchmark indices started the new year on a positive note, with the Sensex rising nearly 100 points and Nifty 50 trading above 10,850. All financial markets in Asia are closed on Tuesday for a public holiday. US stocks ended the worst year since the financial crisis with a narrow gain.
The S&P 500 finished a choppy session higher and the Nasdaq Composite capped its first four-day advance since August amid optimism that President Donald Trump will move toward a trade deal with China. In 2018, the Sensex and Nifty gained 5.91% and 3.15%, respectively, after a blockbuster year for equities last year.