Indian benchmark indices got off to a soft start, and thereafter the indices witnessed a sell-off as pessimistic sentiments prevailed across Asian markets. However, some buying interest was witnessed in the mid-afternoon session, which helped indices to recoup some of the losses. Finally, the NSE’s 50-share broadly followed index – Nifty plunged by over half a per cent to settle below the crucial 9050 support level, while Bombay Stock Exchange’s Sensitive Index – Sensex took a triple digit cut and closed below the psychological 29250 mark. The European markets were weak on Monday, as investors had their first opportunity to react to the failure of a Republican Bill to repeal and replace Obamacare. The DAX of Germany dropped 0.57 per cent and the CAC 40 of France fell 0.07 per cent. The FTSE 100 of the U.K. declined 0.59 per cent.The U.S. stocks rebounded from lower levels on Monday, but the Dow Industrial and S&P 500 still closed in negative territory. The Dow Jones Industrial marked its longest losing streak since August 2011 with eight straight declines. The S&P 500 slipped 2 points. The Nasdaq Composite Index bucking the trend gained 12 points.Most of the Asian stocks are trading in green on Tuesday. Japan’s Nikkei 225 surged over 200 points. Hong Kong’s Hang Seng surged 138 points and the Shanghai Composite slid 10 points. At 8:08 am, SGX Nifty Index was trading up by 24 points at 9096, indicating a positive start for Indian equities.
Markets may open flat to positive surrounded by mixed global cues
by SGX Nifty · March 28, 2017
You may also like...
Markets may open flat to positive; uncertainty looms over global markets as regards Trump’s policies
21 Mar, 2017
Indian benchmarks started off the fresh week on a subdued note, tracking dismal leads prevailing in Asian markets. Thereafter, the...
3 Apr, 2017
Indian benchmark indices got off to a soft start, and thereafter indices traded in a narrow range with negative bias...
2 Dec, 2016
The Indian Stock Markets started the month of December on a disturbing note as the benchmark indices snapped a four-day...
- Next story India : Post Market Data – 28-Mar-2017
- Previous story India : Post Market Data – 27-Mar-2017
Reduce your brokerage by 90%
Lowest Rates from Best Brokers
Special offer only for SgxNifty.org
Also a subscription confirmation mail has been sent to you.
If you don’t receive it in 5 minutes, then check your spam folder.
Thank you for subscribing!