India : Surging Asian markets likely to give a positive start to the Indian Indices
Mon May 15 2017
Rajesh Sharma (2002 articles)

India : Surging Asian markets likely to give a positive start to the Indian Indices


Indian benchmark on Friday got off to a slow start and thereafter the benchmark indices witnessed profit booking and were dragged in negative territory. However, buying the final leg of the trading session helped indices to recoup some losses and ended the session with marginal loss. To end with, the NSE’s 50-share broadly followed index Nifty, suffered a moderate cut of around quarter per cent to settle just above the crucial 9,400 mark, while Bombay Stock Exchange’s Sensitive Index-Sensex- slipped around sixty-two points and closed below the psychological 30,200 mark.The European markets closed with the gain on Friday. The U.K.’s FTSE 100 Index advanced by 0.66 per cent, the German DAX Index and the French CAC 40 Index climbed by 0.47 per cent and 0.41 per cent, respectively.U.S Stocks closed with the mixed sentiment on Friday as the Dow Industrial and S&P 500 ended the session with marginal losses. While the Nasdaq Composite finished in positive territory. The Nasdaq Composite Index gained 5 points to end at 6,121. The Dow Jones Industrial Average slipped 23 points to close at 20,897. The S&P 500 index slipped 4 points to close at 2,391.Most of the Asian markets are trading in positive territory on Monday. Japan’s markets Nikkei 225 slipped 45 points. Hong Kong’s Hang Seng surged 103 points. China’s Shanghai Composite rose 7 points.At 8:00 am SGX Nifty Index trading with gains of 24.50 points at 9,442.50, indicating positive 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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