Mixed Asian markets expected to push Indian indices towards a positive start

After getting a cautious start amid mixed global cues, the Indian benchmark indices slipped below their important psychological mark on Tuesday, however, indices witnessed a good recovery in afternoon trading session, but it failed to sustain at higher levels as a sudden bout of profit booking emerged in the last hour of the trading session. To end with, the NSE’s 50-share broadly followed index Nifty, slipped by over half a percent to settle below the crucial 9,400 mark, while Bombay Stock Exchange’s Sensitive Index Sensex deposed over two hundred points and closed below the psychological 30,400 mark. 

The European markets started off Tuesday trading session on a positive note, regardless of the news of the suspected terrorist attack at a concert in Manchester, England yesterday. Early gains began to wear away in the afternoon, but the majority of the markets held on to small gains. The DAX of Germany climbed 0.31 percent and the CAC 40 of France rose 0.47 percent. The FTSE 100 of the U.K. declined 0.15 percent.

U.S. stocks registered their 4th straight session of gains on Tuesday as banks lead the charge and following the White House’s release of its 2018 budget proposal. The Dow and S&P 500 index market their longest winning streak since late February. The Dow Jones Industrial Average gained 43 points. The S&P 500 index advanced 4 points and the Nasdaq Composite Index rose 5 points.

Asian markets trading mixed on Wednesday. Japan’s markets Nikkei 225 rose 94 points. While Hong Kong’s Hang Seng slipped 28 points and China’s Shanghai Composite shed 22 points.

At 8:14 am SGX Nifty Index trading with gains of 19 points at 9,412, indicating positive start for Indian indices.