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Indian equity markets are likely to make a gap-up opening on Monday, amid strong global cues. Traders are likely to react positively to the Q2 results from heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Additionally, sentiments may remain upbeat by foreign institutional investors (FIIs), who were net buyers of shares worth Rs 308.98 crore.

Some of the key factors to be watched:

Trade talks on in cordial atmosphere with US: Commerce and Industry Minister Piyush Goyal has said that talks between India and the US on a proposed bilateral trade agreement are progressing in a cordial atmosphere and New Delhi will protect the interests of farmers, fishermen and MSME sectors.

India-EU trade talks: Commerce and Industry Minister Piyush Goyal will visit Brussels later this month to give an impetus to the ongoing negotiations for a free trade agreement between India and the European Union (EU) .

India's exports to US decline, non-US markets show strength: Rating agency Crisil has said that India's exports to the United States have contracted, while shipments to non-US destinations have remained robust, surpassing previous growth figures.

India's forex reserves drop to $698 billion: Reserve Bank of India has said that India's forex reserves dropped by $2.18 billion to $697.78 billion during the week ended October 10.

Auto stocks will be in focus: Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period.

On the global front: The US markets ended in green on Friday as traders shrugged off the concerns about credit risk. Asian markets are trading in green on Monday, amid easing U.S.-China trade tensions.

Back home, extending their winning run to the third consecutive day, Indian equity benchmarks ended higher on Friday on buying in blue-chip Consumer Durables and FMCG shares and foreign fund inflows. Foreign Institutional Investors (FIIs) bought equities worth Rs 997.29 crore on Thursday, according to exchange data. Finally, the BSE Sensex rose 484.53 points or 0.58% to 83,952.19 and the CNX Nifty was up by 124.55 points or 0.49% to 25,709.85.

Some of the important factors in trade:

India, Australia discuss ways to enhance cooperation in field of energy efficiency: India and Australia have discussed ways to enhance cooperation and promote dialogue in the field of energy efficiency and enabling technologies. India and Australia held the 5th Meeting of the India-Australia Energy Dialogue in New Delhi.

India in active dialogue for FTAs with nations including US, Oman, EU: Commerce and Industry Minister Piyush Goyal said that India has implemented a number of free trade agreements (FTAs) with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU. 

India logistics cost to reduce: Union Minister Nitin Gadkari said logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors.

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