Indian indices might witness a feeble opening, SGX Nifty trading with losses of 28 points, Asian markets trading in red

The Indian benchmark indices on Monday opened on a subdued note and indices soon gathered momentum and went past 9600 mark. However, profit booking emerged and markets slipped in negative terrain, but in afternoon market rebounded from lower levels to end with marginal gains. The NSE’s 50-share broadly followed index Nifty, added single digit gains to settle above the 9,600 mark for the first time ever, while Sensex gained around eighty-one points and ended above the psychological 31,100 mark. However, the broader markets were under selling pressure and ended the session with deeps cuts of over a per cent.

The European markets ended the Monday’s session with mixed results. Trading volumes remained thin amid holidays in the U.K and the United States. The DAX of Germany rose 0.21 per cent and the CAC 40 of France fell 0.09 per cent.

U.S. stocks on Monday remained closed in observance of Memorial Day.

Asian markets are mostly trading in red on Tuesday. Japan’s markets Nikkei 225 plunge 106 points. While, Hong Kong’s Hang Seng and China’s Shanghai Composite remains shut on account of Public Holiday.

At 8:10 am SGX Nifty Index trading with losses of 28 points at 9,589, indicating a weak start for Indian indices.