Markets likely to open in a negative mood but with chances of recovery

The Indian markets started the day with loss in trade but ended on a positive note on F&O expiry. Nifty closed with no change at 8615.25. BSE Sensex also rose by 0.29 per cent to 27915.9 with gain of 79.39 points. Overall sectoral indices traded in red except Banking, Healthcare and FMCG.

European markets continued to rally on Thursday. DAX closed up by 0.07 per cent at 10717. FTSE 100 also increased by 0.41 per cent to 6986, CAC 40 remained flat and closed at 4533.

US markets started the day on a positive mote but soon after started trading in negative mood. All the major benchmark indices closed almost half a per cent lower on October 27. The WTI crude oil declined by 0.5 per cent to USD 49.67 and Brent Crude also reduced by 0. 1 per cent to USD 50.39.

Asian markets are trading bullish on Friday. Japanese Nikkei 225 is up by 0.5 per cent. Meanwhile, Hang Seng is trading slightly positive with 0.06 per cent gain. Shanghai has increased by 0.37 per cent.

SGX Nifty is trading up by 0.43 per cent to the levels of 8613. We expect markets to open flat. Markets to start November series with a negative note but may recover losses in intraday trade.