Markets to open in red following Asian indices

The Indian indices closed in the green after coming in for heavy profit booking in previous two trading sessions due to global factors. However, indices snapped their trend and closed in green on Wednesday, September 14. Nifty managed to hold on to the levels of 8725; whereas BSE Sensex too closed above 28350 on September 14.

European markets declined for the fifth straight day in a row on September 14, with all the major European bourses closing down except FTSE 100. Prominent markets like Euro Stoxx Pr, CAC, FTSE 100, DAX, etc all closed down in the range of 0.10 to 0.40 per cent.

US markets closed the day in the mix with major indices closing flat to negative in Wednesday’s session of September 14. Nasdaq Composite ended the day in green, whereas S&P 500 and Dow Jones ended the day flat with negative bias.

Asian markets opened lower on Thursday, September 15 amidst uncertainty surrounding Fed rate hike. All the key Asian markets are trading in negative territory except for Hang Seng. Other key Indices like Nikkei, CSI 300 and MSCI Asia Pacific are down with heavy losses.

SGX Nifty is trading with losses of 0.35 per cent to the levels of 8739. We expect markets to open in the red, following other Asian markets.