Market Likely To Open In Green On F&O Expiry Day
Chirag Gothi / 26 Nov 2015
Asian shares advanced in early trade on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe. A SGX Nifty 50 Index future for November delivery was up 23 points at 7,847. Indian market is likely to open in green on F&O expiry day. Coincidentally, Parliament Winter session begins on F&O expiry day on Thursday; investors should remain cautious.
Indian equity market for second consecutive session on Tuesday as market volatility remained pervasive ahead of the derivative contracts expiry amid sluggish overseas sentiment. The Sensex declined 43.60 points to 25775.74 and the Nifty slipped 17.65 points to 7831.60. The broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices closing flat with a positive bias. Indian markets closed on Wednesday on account of “Guru Nanak Jayanti.
U.S. stocks finished little changed in a thinly traded preholiday session on Wednesday after a slew of data releases and also the last full trading day of the holiday week. The Dow Jones Industrial Average edged up 1.20 points, or 0.01%, at 17,813.39. The S&P 500 edged down 0.27 point, or 0.01%, at 2,088.87. The Nasdaq Composite Index rose 13.33 points, or 0.26%, at 5,116.14.
European equities rebounded strongly Wednesday despite rising geopolitical tensions after after Turkey’s president said the country isn’t looking to escalate tensions with Russia; with French benchmark index CAC 40 jumping 1.51%. The STOXX Europe 600 gained 1.38%, while the German DAX closed up more than 2%.
U.S. crude oil futures settled up 17 cents, or 0.40%, at USD 43.04 a barrel. Crude turned higher after Baker Hughes said the weekly U.S. oil rig count dropped 9 for the week. Earlier, oil came off session lows after the EIA said U.S. crude inventories rose by 1 million barrels.
Asian shares advanced in early trade on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe. Japan’s NIKKEI 225 index added 0.56% after the yen slid 0.2% against the dollar on Wednesday. Australia’s S&P/ASX 200 Index gained 0.75%. New Zealand’s S&P/NZX 50 Index added 0.2%. South Korea’s Kospi index rose 0.93%.
A SGX Nifty 50 Index future for November delivery was up 23 points at 7,847. Indian market is likely to open in green on F&O expiry day. Coincidentally, Parliament Winter session begins on F&O expiry day on Thursday; investors should remain cautious.
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