Indian equity markets witnessed another round of fresh selling when they opened for trading on Tuesday, November 15 for second straight day since Friday when the markets started feeling the heat of the government’s move to demonetise its currency, and the US election hangover faded out. All the benchmark indices came in for heavy profit booking as they cracked anywhere in the range of two to four per cent on Tuesday, November 15. Nifty managed to close above the levels of 8100; whereas Sensex closed above 26300 on Tuesday, November 15.European stocks closed higher in trade owing to rising oil prices. French CAC & English FTSE were the biggest gainers in the region on Tuesday, November 15.US stocks gained for another day making it seven straight days of trading gains, lifted by rally in energy prices. Nasdaq Composite was the biggest gainer followed by S&P 500 on Tuesday, November 15, 2016.Asian shares took a breather as all the major markets are trading with gains on Wednesday, November 16, 2016. Gains were also supported by rising oil prices. Nikkei was trading with gains of one per cent whereas Chinese CSI 300 was flat at the time of writing this report.SGX Nifty is trading with gains of 1.16 per cent to the levels of 8210. Markets are expected to open in green taking a breather at current levels. All eyes are on Parliament’s Winter session.
India : Nifty expected to open in green; all eyes on winter session
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Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.