India : India Nifty expected to open flat with positive bias

Indian equity markets had a rollercoaster ride on Wednesday as markets swayed on either side of 8100 on an extremely volatile trading day before closing the day with negligible gains on Wednesday, November 16. Selected NBFCs again came in for a beating, post demonetisation drive by the government. Nifty managed to close above the levels of 8100; whereas Sensex closed below 26300 on Wednesday, November 16.European stocks came in for profit booking on Wednesday from higher levels. All the major benchmark indices closed in red with losses of over half a percentage point.US stocks snapped their winning streak led by financials which came in for profit booking in trade. All the indices except Nasdaq Composite closed down by around quarter of a per cent on Wednesday, November 16.Asian shares were trading flat with negative bias at the time of writing this report. All the major markets in the region were trading flat to negative except for MSCI Asia Pacific Index which was positive, close to quarter of a per cent on Thursday, November 17, 2016.SGX Nifty is trading with gains of 0.41 per cent to the levels of 8135. Markets are expected to open flat with a positive bias after heavy selling in the previous sessions.

SGX Nifty

You may also like...

Rules of Discussion on India : India Nifty expected to open flat with positive bias

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean