Indian markets are likely to open flat to positive

Indian capital markets witnessed a bullish trend in Wednesday’s trading session. Nifty was able to sustain level of 8550. The BSE Sensex increased 128.27 points or 0.46% quoting 27915.89; and Nifty also rose by 37.30 points or 0.44% quoting 8565.85.  All of the sectoral indices traded in green except Consumer Durables.

Wall Street also traded positive on Wednesday and witnessed another day of record highs. The Dow Jones  increased by 0.19% to 18595. The S&P 500 also rose by 0.43 per cent, quoting 2173. U.S. benchmark crude, WTI increased 0.20% to USD 45.84; while Brent crude, the international standard, rose by 0.30% to USD 47.31.

European indices followed global cues on July 20. Germany's main index, the DAX, traded up by 1.61% to 10142 along with France's CAC 40, which rose by 1.15% to 4330. However, Britain's FTSE 100 remained flat and increased by 0.47% quoting 6729.

Markets in Asia are following global cues and are trading with a bullish trend during the morning session on Thursday. The Shanghai Composite index has increased by 0.20%. Japan’s Nikkei 225 index has risen by 1.20%. Australia’s S&P/ASX 200 Index has increased by 0.59%; while New Zealand’s S&P/NZX 50 Index also has risen by 0.61%. South Korea’s KOSPI has increased by just 0.03%. The Hang Seng Index has increased by 0.54%.

While on domestic front, A SGX Nifty index future for July series is trading down by 3.5 points at 8585.5.The result season of Q1FY17 is on-going. One has to watch stock specific actions in July 21 trade. Indian markets are likely to open flat.