Indian benchmark on Tuesday got off to firm start and thereafter the benchmark slowly started gathering momentum and surged higher. In the second half of trading session indices further capitalised on the momentum and closed near day’s high. At the end of the day, the NSE’s 50-share broadly followed index Nifty, got strengthened by about quarter of a per cent to settle above the crucial 9,500-mark, while Bombay Stock Exchange’s Sensitive Index-Sensex accumulated over two hundred points and closed above the psychological 30,500 mark.The European markets ended Tuesday’s session with mixed results. The U.K.’s FTSE 100 Index gained 0.91 per cent, the German DAX Index and the French CAC 40 Index dropped by 0.02 per cent and 0.21 per cent, respectively.U.S Stocks had a mixed outing on Tuesday. The tech-heavy Nasdaq closed at a record high, while Dow Jones and S&P 500 finished with modest losses. The Nasdaq Composite Index advanced 20 points to end at a record 6,170. The Dow Jones Industrial Average slipped 2 points to close at 20,980. The S&P 500 index lost 1 point to close at 2,401.Asian markets are trading subdued on Wednesday. Japan’s markets Nikkei 225 slipped 97 points. Hong Kong’s Hang Seng shed 4 points, while China’s Shanghai Composite rose 2 points.At 8:05 am SGX Nifty Index trading with flat with minor gains of 3 points at 9,520, indicating flat start for Indian indices.
India : Subdued Asian markets, Indian indices may open flat
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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.