Flat opening for Indian indices expected as Asian markets are trading mixed

The Indian benchmark indices on Tuesday opened on cautious and thereafter, indices traded in a tight range oscillating between positive and negative territory for the most part of the trading session. To end with, the NSE's 50-share broadly followed index Nifty, rallied by close to a quarter per cent to settle above the crucial 9,600 mark, while Bombay Stock Exchange's Sensitive Index, Sensex advanced over fifty points and closed above the psychological 31,150 mark.  Furthermore, broader markets managed to outperform the larger peers as the BSE's Midcap and Small-cap indices settled with around half a per cent.

The European markets ended the Tuesday’s session with modest losses. Fresh political worries surrounding Britain, Italy and Greece sapped investors' appetite for risk. The DAX of Germany dropped 0.24 per cent and the CAC 40 of France fell 0.50 per cent. The FTSE 100 of the U.K. declined 0.28 per cent.

U.S. stocks on Tuesday closed moderately lower as energy and banking shares weighed on the market. Both the S&P 500 and Nasdaq snapped the seven-session winning streak. The Dow Jones Industrial Average finished down 51 points at 21,029. The S&P 500 index slipped 3 points to close at 2,413. The Nasdaq Composite Index shed 7 points to end at 6,203.

Asian markets are trading mixed on Wednesday. Japan’s markets Nikkei 225 shed 17 points. While Hong Kong’s Hang Seng advanced 57 points and China’s Shanghai Composite surged 19 points.

At 8:10 am SGX Nifty Index trading with flat with modest gains of 8 points at 9,628, indicating a flat start for Indian indices.