India : Markets may open flat to positive amid lacklustre global cues and more than expected GDP numbers
Wed Mar 01 2017
Rajesh Sharma (2002 articles)

India : Markets may open flat to positive amid lacklustre global cues and more than expected GDP numbers


Indian benchmark indices got off to a subdued start and they moved in a tight range for the most part of the trading session, ending the day with moderate losses. The NSE’s 50-share broadly followed index, Nifty, took a cut of around quarter per cent to settle below the crucial 8,900 support level; while Bombay Stock Exchange’s Sensitive index, Sensex, slipped by around seventy points and closed above the psychological 28,700 mark.The European markets ended Tuesday’s session with marginal gains. The DAX of Germany climbed 0.10 per cent and the CAC 40 of France rose 0.28 per cent. The FTSE 100 of the U.K. gained 0.14 per cent.U.S stocks ended Tuesday’s session with losses. The Dow on Tuesday paused, after gaining for the 12th straight record close, the longest such streak since 1987. The Dow Jones Industrial Average shed 25.20 points to close at 20,812.24. The S&P 500 dropped 6.11 points to finish at 2,363.64. The Nasdaq Composite Index fell 36.46 points to end at 5,825.44.The Asian markets are trading in positive territory. Japan’s Nikkei 225 is leading with gains of 0.54 per cent, followed by China’s Shanghai Composite which climbed 0.35 per cent and Hong Kong’s Hang Seng which gained 0.28 per cent.  At 8:06 am, SGX Nifty Index was trading with marginal gains of 15 points at 8,926.50, indicating a flat start for Indian equities. India’s GDP growth has come in at 7 per cent for the third quarter, which was above consensus estimates of 6.1 per cent.

Rajesh Sharma

Rajesh Sharma

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.


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