Flat start likely for the market amid dull global cues

Indian benchmark indices started off Friday’s session with a gap-up opening. However, indices failed to sustain at higher levels and pared early gains to end on a flat note. The NSE’s 50-share broadly followed index, Nifty, gained around six points to surpass the psychological 9,150 support level, while Bombay Stock Exchange’s Sensitive index -- Sensex surged by around sixty three points to finish above its psychological 29,600 mark.

The European markets got off to a weak start on Friday, but jumped into positive territory by mid-day. However, in the end, the markets finished the session near a flat line. The DAX of Germany climbed 0.10 per cent and the CAC 40 of France rose 0.32 per cent. The FTSE 100 of the U.K. gained 0.12 per cent.

U.S stocks ended Friday’s session with marginal losses. The Dow Jones Industrial Average slipped 20 points; and the S&P 500 Index shed 3 points to close at 2,378. The Nasdaq Composite Index closed near the neutral line.

Asian stocks are trading with mixed sentiments on Monday. Japan’s Nikkei 225 lost 0.35 per cent. Hong Kong’s Hang Seng surged 0.44 per cent. The Shanghai Composite is trading flat.

At 8:03 am, SGX Nifty Index was trading lower by 16 points at 9154, indicating a weak start for Indian equities.