India : Markets may open flat to negative in the wake of mixed global sentiments
Thu Apr 20 2017
Rajesh Sharma (2002 articles)

India : Markets may open flat to negative in the wake of mixed global sentiments


Indian benchmark indices got off to a subdued start on Wednesday, and thereafter indices traded in a tight range for the most part of the trading session. Finally, the NSE’s 50-share broadly followed index, Nifty, registered a single digit cut to settle above the crucial 9100 support level, while Bombay Stock Exchange’s Sensitive Index or Sensex gained around seventeen points and ended above the psychological 29300 mark.Most of the European markets ended Wednesday’s session in positive territory. Automakers were among the best performing stocks following upbeat sales data for the month of March. British Prime Minister ,Theresa May’s surprise call for holding an early election on June 8 won MPs’ approval on Wednesday.  The DAX of Germany climbed 0.13 per cent and the CAC 40 of France rose 0.27 per cent. The FTSE 100 of the U.K. declined 0.46 per cent.U.S. stocks closed mostly lower on Wednesday with the Dow Jones Industrial Average ending lower by 119 points at 20,403. IBM, a blue chip, had a big impact on the Dow as the stock sank nearly 5 per cent. The S&P 500 fell 4 points. The Nasdaq Composite Index gained 13 points to close at 5,863.Asian markets are trading in green on Thursday. Japan’s Nikkei 225 surged 60 points. China’s Shanghai Composite is trading with gains of 2 points and Hong Kong’s Hang Seng gained 65 points.At 8:03 am, SGX Nifty Index was trading flat with marginal losses of 7 points at 9129, indicating a flat to negative 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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