Markets may open in green

The Indian markets on November 21 continued with their fall, however this time the banks were the real culprits as Bank of Baroda, SBI and Yes Bank closed down by more than 5 per cent each. The Nifty ended lower by 145 points at 7929; and Sensex was 385 points down at 25765.

European markets closed higher on November 21 as the  oil prices jumped to their highest level in three weeks on heightened investor expectations that OPEC could reach a deal to cut production. All the major indices like FTSE 100 and Dax gained almost 0.03 to  0.19 per cent each.  

US stocks on November 21 ended on a record high as all the energy stocks got a lift as the oil prices surged. Meanwhile, Standard & Poor's  500 index rose 16.28, or 0.8 per cent, to close at a record of 2198.18. The Dow Jones industrial average gained 88.76, or 0.5 per cent, to a record close of 18,956.69. The Nasdaq composite index gained 47.35, or 0.9 per cent, to close at an all-time high of 5368.86.

Asian markets on November 22 are trading cautiously with Hang Seng and Shangai SE composite being up in the range of 0.23 to 0.69 per cent. Nikkei is however down by 0.16 per cent.

SGX Nifty is trading with profit of 0.55 per cent to the levels of 7996. We expect markets to open in green, however may trade flat to negative.