Markets to open in green; geopolitical standoff looms

Indian markets snapped their winning streak on a volatile and range bound day, after three consecutive days of up move, whereas midcap index continued hitting record highs on Wednesday, October 05. Nifty came under bit of a selling pressure in the later part of the session as it closed below the levels of 8750; whereas BSE Sensex closed below 28250 on October 05. Advance decline number was in the favour of bulls.
European stock markets fell on Wednesday, October 05 on concerns that the ECB may reduce the pace of bond buying programme, leading to a drop in the indices. All the key European Indices were down anywhere in the range of 0.11 to 0.60 per cent, with German DAX being the biggest drag.
US stock markets closed higher on Wednesday fueled by rising oil prices. Dow Jones and Nasdaq Composite rose by 0.62 and 0.50 per cent respectively in trade.
Asian markets opened higher in trade owing to  encouraging US economic data and a rise in oil prices. Japanese Nikkei and Hong Kong’s Hang Seng are leading the gainers list. Whereas, broader market MSCI Asia Pacific is under negative territory.
SGX Nifty is trading with gains of 0.15 per cent to the levels of 8784. We expect markets to open in green and remain volatile owing to geopolitical tensions.