India : Markets may open flat amid subdued global cues and lack of triggers
Fri Mar 17 2017
Rajesh Sharma (2002 articles)

India : Markets may open flat amid subdued global cues and lack of triggers


Indian benchmark indices started off Thursday’s session on a bullish tone, and moved in a tight range till mid afternoon session, however, in the last hour of trading, buying interest emerged and indices ended the session near day’s high. The NSE’s 50-share broadly followed index, Nifty, gained around seventy points to surpass the psychological 9,150 support level; while Bombay Stock Exchange’s Sensitive Index — Sensex surged by around one hundred and ninety points to finish above its psychological 29,500 mark.The European markets ended Thursday’s session with modest gains. Traders were encouraged by the results of the Dutch elections, where voters rejected populism. The Monetary Policy Committee of the BoE, governed by Mark Carney, on Thursday, voted 8-1 to hold the key bank rate at 0.25 per cent. The DAX of Germany climbed 0.61 per cent and the CAC 40 of France rose 0.56 per cent. The FTSE 100 of the U.K. gained 0.64 per cent.U.S stocks ended Thursday’s session with modest losses. The S&P 500 index shed 4 points to close at 2,381. The Dow Jones Industrial Average declined 16 points to finish at 20,935. However, the Nasdaq Composite Index turned above neutral line in the final minutes of trading and finished with a single point gain at 5,901.  Asian stocks are trading with mixed sentiments on Friday. Japan’s Nikkei 225 lost 0.34 per cent. Hong Kong’s Hang Seng surged 0.24 per cent. The Shanghai Composite is trading flat.At 8:13 am, SGX Nifty index was trading with gains of 16 points at 9202, indicating a positive start for Indian equities.

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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