Indian markets are likely to open in green

Indian capital markets observed profit booking trend in Friday’s trading session. The BSE Sensex decreased 105.61 points or 0.38% quoting 27836.5 and Nifty also reduced by 23.6 points or 0.28% quoting 8541.4.  All of the sectoral indices traded in green except IT, Consumer Durables and Healthcare.

Wall Street also traded in the mix on Friday. The Dow Jones remained flat and increased by 0.05% to 18517. The S&P 500 declined by 0.09 per cent quoting 2162.  U.S. benchmark crude, WTI increased 0.59% to USD 45.95, while Brent crude, the international standard, also rose by 0.51% to USD 47.61.

European indices also traded in the mix on July 15. Germany's main index, the DAX, traded flat and reduced by just 0.01% to 10067 along with France's CAC 40, which decreased 0.3% to 4373. However, Britain's FTSE 100 increased by 0.22% quoting 6699.

Markets in Asia are following global cues and are trading in the mix during the morning session on Monday. The Shanghai Composite index has decreased by 0.12%. Japan’s Nikkei 225 index has increased by 0.68%. Australia’s S&P/ASX 200 Index has risen by 0.32% while New Zealand’s S&P/NZX 50 Index has increased by 0.15%. South Korea’s KOSPI also has risen 0.19%. The Hang Seng Index has increased by 0.16%.

While on domestic front, A SGX Nifty index future for July series is trading up by 19 points at 8579.50. The earning season for Q1FY17 has been started. The IT sector majors, TCS and Infosys' earning remained subdued at the beginning of the fiscal year. From July 18, assembly’s monsoon session is going to start. Thus, declaration of new RBI governor, discussion on GST bill will remain triggers for the market. Indian markets are likely to open in green.