Indian markets are likely to open positive

Indian capital markets witnessed a bullish trend in second half of the trading session on Thursday. The BSE Sensex increased 126.93 points or 0.46% quoting 27815.18 and Nifty also increased by 45.5 points or 0.53% quoting 8519.50. All of the sectoral indices traded in green except Healthcare and IT.

Wall Street also traded bullish and touched an all-time high on Thursday. The Dow Jones increased by 0.73% to 18507. The S&P 500 also rose by 0.53 per cent quoting 2164.  U.S. benchmark crude WTI decreased 1.23% to USD 45.12; while Brent crude, the international standard, also reduced 1.18% to USD 46.81.

European indices also traded strong, but UK traded in negative on July 14. Germany's main index, the DAX, increased 1.39% to 10068 along with France's CAC 40, which too rose 1.16% to 4386. Britain's FTSE 100 decreased by 0.24% quoting 6654.

Markets in Asia are following global cues and are trading bullish during the morning session on Friday. The Shanghai Composite index has increased by 0.04%. Japan’s Nikkei 225 index has increased by 0.81%. Australia’s S&P/ASX 200 Index has risen by 0.36% while New Zealand’s S&P/NZX 50 Index has increased by 0.18%. South Korea’s KOSPI also has risen 0.56%. The Hang Seng Index has increased by 0.24%.

While on domestic front, A SGX Nifty index future for July series is trading up by 20.5 points at 8601. The earning season for Q1FY17 has started. The Indian capital markets are observing stock specific action. The IT giant, Infosys, will come out with Q1FY17 numbers on July 15. Indian markets are likely to open positive.