Indian markets may open flat to positive

Indian capital markets witnessed a bullish trend on F&O expiry day. A positive trend was seen in Indian markets due to hopes of good monsoon in July & clearance of GST Bill in next parliament session, as also due to easing of BREXIT concerns globally. Nifty crossed its new high of 2016. The Sensex increased 259.33 points or 0.97% quoting 26999.72; and the Nifty upped 83.75 points or 1.02% quoting 8287.75. All of the sectoral indices experienced a positive scenario during entire session on Thursday.

The Dow Jones industrial average increased 235.31 points, or 1.33%, quoting 17930. The S&P 500 index also rose 28.09 points, quoting 2099. However, U.S. benchmark crude, WTI increased 0.52% to USD 48.58, while Brent crude, the international standard, also reduced 1.84% to USD 49.68.

European stocks rallied on Thursday. Germany's main index, the DAX, increased 0.71% to 9680 along with France's CAC 40, which too rose 1% to 4238. Britain's FTSE 100 increased 2.27% quoting 6504.

Markets in Asia are trading higher and have joined global rally during the morning session on Friday. The Shanghai Composite index has risen by 0.26%. Japan’s Nikkei 225 index has increased by 1.14%. Australia’s S&P/ASX 200 Index has risen by 0.58% while New Zealand’s S&P/NZX 50 Index has increased 0.11%. South Korea’s KOSPI also has increased 0.95%. The Hang Seng Index is closed due to a trading holiday.

While on domestic front, A SGX Nifty 50 index future for July series is trading down by 18 points at 8317.5. Meanwhile, tge Indian markets are likely to open flat to positive.