Markets to open flat; inflation data eyed
DSIJ Intelligence / 15 Nov 2016
SGX Nifty is trading with gains of 0.2 per cent to the levels of 8225. We expect markets to open flat to positive. Inflation figure is in focus.
Indian share markets will open for trading after a long weekend. Markets witnessed blood bath on Dalal Street on the last trading day of the week i.e Friday, November 11, 2016 largely due to domestic demonetisation factor. Nifty closed below the levels of 8300; whereas Sensex managed to close tad above 26800 on Friday, November 11.
European stocks continued their strong momentum this week too, as all the major benchmark indices closed with gains of close to half a percentage point on Monday, November 14.
Dow Jones continued its rally for the sixth straight day after the US elections as the industrial average hit a new all-time high on Monday, November 14. Other indices closed flat with negative bias.
USD peaked to 11-month high on Tuesday which weighed on Asian shares as they were trading flat to negative with little action on either side of the trade. Hang Seng is the biggest gainer whereas Australian ASX 200 is the biggest loser on Tuesday, November 15, 2016.
SGX Nifty is trading with gains of 0.2 per cent to the levels of 8225. We expect markets to open flat to positive. Inflation figure is in focus.
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