India : Positive trading climate in the Asian markets likely to open Indian indices in green

Indian benchmark on Tuesday got off to a positive start; thereafter benchmark indices traded in a tight range near neutral line throughout the session and ended the session with modest gains. In the end, the NSE’s 50-share broadly followed index Nifty, advanced three points to settle above the crucial psychological level of 9300, while Bombay Stock Exchange’s Sensitive Index or Sensex gained seven points and ended above the psychological 29900 mark.The European markets closed with the gain on Tuesday. The U.K.’s FTSE 100 Index advanced by 0.6 per cent, the German DAX Index and the French CAC 40 Index climbed by 0.4 per cent and 0.3 per cent, respectively.The Nasdaq Composite on Tuesday marked its 30th record close of 2017, but the Dow Jones and S&P 500 ended with marginal losses. The Dow Jones Industrial average slipped 37 points to 20,976. The S&P 500 index shed 2 points to close at 2,397. While the Nasdaq Composite index gained 18 points to close at 6,121.Asian markets are trading in positive territory on Wednesday. Japan’s markets Nikkie 225 gained 60 points. Hong Kong’s Hang Seng surged 142 points. China’s Shanghai Composite rose 2 points.At 8:10 am, SGX Nifty Index trading with gains of 14 points at 9,364, indicating flat to a positive start for Indian indices.