India : Markets may open flat to positive; uncertainty looms over global markets as regards Trump’s policies
Tue Mar 21 2017
Rajesh Sharma (2002 articles)

India : Markets may open flat to positive; uncertainty looms over global markets as regards Trump’s policies


Indian benchmarks started off the fresh week on a subdued note, tracking dismal leads prevailing in Asian markets. Thereafter, the indices slipped below the neutral line and traded with moderate losses for most part of the session. Finally, the NSE’s 50-share broadly followed index, Nifty, took a cut of over quarter per cent to settle below the crucial 9,150 support level, while Bombay Stock Exchange’s Sensitive Index, Sensex, slipped by over hundred points and closed above the psychological 29,500 mark.The European markets got off to a subdued start on Monday, and remained locked in a narrow range throughout the session. The majority of the markets ended the session in the red. The DAX of Germany dropped 0.35 per cent and the CAC 40 of France fell 0.34 per cent. The FTSE 100 of the U.K. gained 0.07 per cent.The S&P 500 and the Dow Jones Industrial Average fell on Monday in a range-bound manner, as investors await further clarity on key policies. The Dow slipped 8 points to close at 20,905. The S&P 500 shed 4 points to end at 2,373. While the Nasdaq Composite Index closed just above the neutral line.Most of the Asian stocks are trading with a positive bias on Tuesday. Japan’s Nikkei 225 lost 0.27 per cent. Hong Kong’s Hang Seng surged 0.38 per cent. The Shanghai Composite is trading flat.At 8:09 am, SGX Nifty Index was trading with gains of 20 points at 9154, indicating a positive start for Indian equities. One of the most popular supermarket retail chain in the country, D-Mart’s parent company, Avenue Supermarts Limited will make its debut on the stock exchanges today.

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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