Global cues positive; Nifty's QE party likely to continue

Asian markets too are in the green, hitting fresh highs buoyed by a relatively inspiring handover from Wall Street overnight.

In other asset classes, the euro held onto modest gains, bouncing off an 11-year low as investors decided to take profits on extremely bearish positions. The rouble weakened as Standard & Poor's cut Russia’s sovereign credit rating to junk status, bringing it below investment grade for the first time in a decade.

Nymex crude is steady above USD 45 per barrel after a three-session fall that dragged prices to near their lowest level in almost six years

And precious metal gold fell 1 percent on Monday to USD 1270 an ounce as traders cashed in gains that took the metal to five-month highs last week.Back home, US President Barack Obama's India trip will end today with him signing off with a town-hall meeting. Addressing the Indo-US CEO summit yesterday, Obama said the US-India economic relationship is defined by untapped potential. He announced USD 4 billion dollars in India- investment & lending deals.

And from earnings corner, Maruti-Suzuki is expected to report strong numbers this quarter. According to a CNBC-TV18 poll, the revenues may rise 13 percent while profits may jump almost 30 percent to Rs 875 crores. Telecom major Idea Cellular so idea will be reporting numbers today.