Markets to open on a flat to negative note

The Indian markets opened higher, and hit new highs on July month's Future & Option expiry day. On the whole during the session a bullish trend prevailed. All sectoral indices remained green except Capital Goods, Metals and Oil & Gas. Nifty closed at 8666 with 0.59% upside; while Sensex closed at 28209 with 0.66 per cent upside.

The US markets traded in the mix in Thursday’s trade. The Dow Jones declined just 0.09 per cent to 18456. S&P 500 increased by 0.16 per cent to 2170. The WTI crude reduced by 0.05 per cent to USD 41.12 per barrel. The Brent Crude Oil also decreased by 0.14 per cent to USD 42.6 per barrel.

Europe remained bearish on July 28. The Germany’s main index DAX closed 0.43 per cent down at 10275; while France’s CAC40 also reduced by 0.59 per cent to 4421. Britain's FTSE 100 dropped by 0.44 per cent to 6721.

Japanese markets are looking weak ahead of Bank of Japan’s decision on the stimulus from the government which is to be released on Friday itself. Yen remained stronger against Dollar. Inflation data remained weak and contracted by 0.5 per cent YoY. Moreover, in China too, investors remained vary of the decision. Nikkei has corrected further with 0.4% losses. Hang Seng is trading marginally down with 0.5% losses. The Shanghai Composite too has tumbled with 0.4 per cent losses. Australia’s S&P/ASX 200 Index is flat to positive with 0.06%; while New Zealand’s S&P/NZX 50 is marginally up with 0.35% gains. South Korea’s KOSPI is flat.

Meanwhile SGX Nifty index future for August series is trading flat at 8694.50 levels. Nifty may open on a flat to volatile note on the first day of August F&O series.