Key benchmarks may see flat opening

The Indian benchmark indices on Friday opened the session on a flattish note and started to display weakness from the highs. However, the indices did make an attempt to claw back but failed as traders and investors resorted to booking profit ahead of the long weekend and, as a result, markets ended the session with losses. The NSE’s 50-share broadly followed index Nifty declined by about 55 points to settle below the important psychological mark of 9600, while the Bombay Stock Exchange’s Sensitive Index, or Sensex, ended the day lower by 153 points to settle at 31,138.

The European markets ended Monday's session with gains. Banking stocks led the way to the higher ground at the start of the new trading week, after the Italian government agreed to bail out two banks. The DAX of Germany climbed 0.29 per cent and the CAC 40 of France rose 0.56 per cent. The FTSE 100 of the UK gained 0.31 per cent.

The US stocks finished mixed on Monday, with the S&P 500 and the Dow closing in the positive territory, However, the tech-heavy index Nasdaq bucked the trend to close at 6,247 with losses of 18 points. The Dow Jones Industrial Average rose 15 points to end at 21,410. while the S&P 500 finished up about 0.1 per cent to 2,439.
 
The Asian shares are mostly trading in the green in early trade on Tuesday. Japan’s Nikkei 225 has surged 75 points; Hong Kong’s Hang Seng has gained 51 points, while China’s Shanghai Composite is trading flat with a negative bias.
 
At 8:10 am, SGX Nifty index is trading with minor loss of 3.50 points at 9,618, indicating a lacklustre start for Indian indices.