Markets to trade flat with negative bias, F&O expiry eyed

DSIJ Intelligence / 29 Dec 2016

Markets to trade flat with negative bias, F&O expiry eyed

SGX Nifty is trading with losses of 0.36 per cent to the levels of 8010. We expect markets to open flat with negative bias. However, stock specific action will remain a key factor.

Dalal Street witnessed a choppy session on Wednesday as markets moved from one extreme to another, which was evident by the fact that after gaining close to half a percentage point, both the benchmark indices came in for profit taking in the last hour of trade dragged down by bears. The markets closed the day extremely flat. Nifty closed well above 8025; whereas Sensex also managed to close above levels of 26200 on Wednesday, December 28.

European markets more or less remained flat in trade with still many traders and investors enjoying their vacations. Thin volume of shares was traded on the bourses. UK’s FTSE and the Spanish IBEX were the biggest gainers in trade on Wednesday, December 28.

US stocks too witnessed a lacklustre day of trading as momentum towards new highs fizzled out. Major indices closed lower with losses nearing close to one percentage points.

Asian shares are trading mostly in the red, primarily led by Japanese Nikkei where company specific problems led to a massive decline in shareholders' wealth. Other Asian indices too are in the red on Thursday, December 29, 2016.

SGX Nifty is trading with losses of 0.36 per cent to the levels of 8010. We expect markets to open flat with negative bias. However, stock specific action will remain a key factor.

If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.