India : Indian indices likely to start flat, as Asian markets witnesses lacklustre trade
Wed May 10 2017
Rajesh Sharma (2002 articles)

India : Indian indices likely to start flat, as Asian markets witnesses lacklustre trade


Indian benchmark on Monday got off to a gap up opening, as investors sentiments around the globe remained upbeat after Emmanuel Macron was elected French president with a business-friendly vision of European integration, however, benchmark indices remained in a narrow range and ended the session with modest gains. To finish, the NSE’s 50-share broadly followed index – Nifty advanced over a quarter per cent to settle at the crucial 9,300 levels, while Bombay Stock Exchange’s Sensitive Index – Sensex added sixty-seven points and closed above the psychological 29,900 mark. The European markets most ended lower on Monday. The DAX of Germany slipped 0.18 per cent and the CAC 40 of France fell 0.92 per cent. The FTSE 100 of the U.K. eked out a slight gain of 0.05 per cent.U.S. stocks mostly ended flat on Monday. The Dow Jones Industrial Average rose 5 points at 21,012. The Nasdaq Composite index closed 2 points higher at 6,103. The S&P 500 closed unchanged at 2,399.Asian markets are trading lacklustre on Tuesday. Japan’s markets Nikkie 225 slipped 16 points. Hong Kong’s Hang Seng shed 6 points. China’s Shanghai Composite fell 17 points.At 8:14 am SGX Nifty Index trading almost unchanged at 9,346, indicating flat start for Indian indices.

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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