Markets may open flat amidst subdued global cues, BSE’s listing to induce some excitement

Indian benchmark indices after witnessing a positive start, failed to capitalise on the initial momentum and continued to see-saw around the neutral line for the most part of the morning trades, and even drifted into the red terrain in the noon session. Thereafter, the key indices scaled to register new intraday high in late afternoon session, but fresh bouts of profit booking again brought the indices to lower levels by the end of trade. Finally, the NSE’s 50-share broadly followed index Nifty, scaled by close to quarter per cent to settle at 8734 level, while Bombay Stock Exchange’s Sensitive Index-Sensex accumulated over eighty points and closed above the psychological 28,200 mark.European markets ended Thursday’s session with mixed results. The Bank of England kept its interest rate at a record low and kept the monetary stimulus unchanged. The DAX of Germany dropped 0.27 per cent and the CAC 40 of France fell 0.01 per cent. The FTSE 100 of the U.K. gained 0.47 per cent.The U.S. stocks mostly traded lower on Thursday as concerns about President Donald Trump’s approach on foreign affairs amid spats with key allies and trade partners cast an air of uncertainty over the markets.  
Asian stocks are trading lower on Friday, with Japan’s Nikkei 225 trading lower by 0.38 per cent at 18,843. Whereas, Hong Kong’s index Hang Seng is trading with losses of 0.80 per cent and China’s market that re-opened after a week-long break is trading lower by 0.38 per cent.At 8:09 am, SGX Nifty index is trading with marginal loss of 3 points at 8731, indicating a subdued start for Indian equities. BSE to start trading on NSE from today. 

SGX Nifty

sgxnifty.org@imediaone.com

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