Markets to open in red; Trump vs Hillary in focus

Indian stock markets started the week on a very strong note after the FBI cleared Hillary Clinton of all the charges and no future investigation would be carried forward. Equity markets world over rejoiced this news which saw markets rally by close to one per cent in trade on Monday, November 7. Nifty closed just tad below the levels of 8500; whereas Sensex closed above 27400 at close on Monday.
 
European markets also rallied on Monday ahead of the US Presidential elections. All the major benchmark indices gained close to two per cent in trade on Monday, November 7.
 
US stocks surged in trade betting on a Clinton victory in the closely contested polls. Dow Jones, Nasdaq and S&P 500 all gained in excess of two per cent on Monday, November 7.
 
Asian shares ahead of an all-important US election day are trading with caution as markets are throwing mixed cues on the morning of Tuesday, November 8, 2016. Major indices are trading flat to negative with no clear direction in early hours of trade.

SGX Nifty is trading with losses of 0.37 per cent to the levels of 8533. We expect markets to open in red following the Asian markets with all eyes on US Presidential elections.