Sulking Asian markets, flat start lined up for Indian indices

The Indian benchmark indices on Monday got off to a subdued start and in the late morning sessions bulls took the charge and surged higher around a quarter per cent, but the weak opening of European market kept indices in check and indices traded in a narrow range for the rest of the session. To end with, the NSE's 50-share broadly followed index Nifty gained around quarter per cent to settle above the crucial 9,650 mark, while Bombay Stock Exchange's Sensitive Index-Sensex added over thirty points and closed above the psychological 31,300 mark. 

The European markets ended the first session of the new trading week with modest losses. The CAC 40 of France slipped 0.66 per cent and the FTSE 100 of the U.K. declined 0.29 per cent. The DAX of Germany closed for holiday.

U.S stocks closed with marginal losses on Monday. The Dow Jones Industrial Average slipped 22 points to 21,184. The SP 500 declined 3 points to finish at 2,346. The Nasdaq Composite Index closed lower by 10 points at 6,296.

Most of the Asian markets were trading in negative terrain on Tuesday. Japan’s markets Nikkei 225 plunge 128 points. Hong Kong’s Hang Seng advanced 92 points. China’s Shanghai Composite slipped 2 points.

At 8:05 am, SGX Nifty Index trading with marginal gains of 5 points at 9,699, indicating a flat start for Indian indices.