Indian markets may open in green

Indian capital markets witnessed a profit booking trend on Tuesday. The positive trend was seen in the Indian markets for a consecutive six day rally. The Sensex declined 111.89 points or 0.41% quoting 27166.87; and the Nifty reduced 34.75 points or 0.42% quoting 8335.95. All of the sectoral indices turned red except Capital Goods, Healthcare and Metals indices during entire session on Tuesday.

US Fed clarified that they want more clarity on data and BREXIT before hiking rates. US equity markets observed positive trend on Wednesday. The Dow Jones increased by 0.44% to 17919. The S&P 500 also rose by 0.54 per cent quoting 2100. However, U.S. benchmark crude, WTI increased 0.44% to USD 47.64, while Brent crude, the international standard, also rose 0.45% to USD 49.02.

After BREXIT relief rally, European stocks were beaten down for consecutive two days. Germany's main index, the DAX, reduced 1.67% to 9373 along with France's CAC 40, which too decreased 1.88% to 4085. Britain's FTSE 100 declined 1.25% quoting 6464.

Markets in Asia are trading in a mixed trend during the morning session on Thursday. The Shanghai Composite index declined by 0.16%. Japan’s Nikkei 225 index decreased by 0.37%. Australia’s S&P/ASX 200 Index increased by 0.54% while New Zealand’s S&P/NZX 50 Index increased 0.50%. South Korea’s KOSPI also increased 1.06%. The Hang Seng Index increased by 1.03%.

While on domestic front, A SGX Nifty index future for July series is trading up by 55 points at 8351. Meanwhile, Indian markets are likely to open in the green.