Indian markets are likely to open flat to negative

Indian capital markets witnessed a weak trade on Wednesday after consecutive two-day rally. The BSE Sensex increased 7.04 points or 0.03% quoting 27815.18 and Nifty reduced by 1.55 points or 0.02% quoting 8519.50. All of the sectoral indices traded in the mix on July 13.

Wall Street also traded flat on Wednesday. The Dow Jones increased by 0.13% to 18372. The S&P 500 also rose by 0.01 per cent quoting 2152.  U.S. benchmark crude, WTI increased 0.96% to USD 45.18, while Brent crude, the international standard, also rose 0.86% to USD 46.66.

European indices also traded in the mix on July 13. Germany's main index, the DAX, decreased 0.33% to 9931 along with France's CAC 40, which too rose 0.09% to 4335. Britain's FTSE 100 remained flat and declined by 0.15% quoting 6670.

Markets in Asia are following global cues and are trading in the mix during the morning session on Thursday. The Shanghai Composite index has declined by 0.24%. Japan’s Nikkei 225 index has increased by 0.42%. Australia’s S&P/ASX 200 Index has risen by 0.25% while New Zealand’s S&P/NZX 50 Index has increased by just 0.2%. South Korea’s KOSPI also has declined 0.16%. The Hang Seng Index has reduced by 0.28%.

While on domestic front, A SGX Nifty index future for July series is trading down by 12.5 points at 8504.5.The earning season for Q1FY17 has started. The Indian capital markets are witnessing stock specific action. Indian markets are likely to open flat to negative.