Markets may open lower on negative global cues

The Indian benchmark indices on Thursday opened in an upbeat mood following positive global cues. However, in the second half, volatility mounted and the market erased entire gains and ended almost flat. The NSE’s 50-share broadly followed index Nifty ended the June series with marginal gains of about 13 points to settle at 9504, while the Bombay Stock Exchange’s Sensitive Index, or Sensex. gained 23 points to settle at 30,858.

The European markets ended Thursday's session in the red. The DAX of Germany dropped 1.83 per cent, CAC 40 of France fell 1.88 per cent while the FTSE 100 of the U.K. declined 0.51 per cent.

The US stocks ended lower on Thursday with the S&P 500 and Dow registering their worst one-day declines since May. The Dow Jones Industrial Average fell 168 points to 21,287. The S&P 500 index slipped 21 point to 2,420, while the Nasdaq Composite Index tumbled 90 points to 6,144.
 
Asian shares tumbled in early trade on Friday. Japan’s Nikkei 225 has fallen 219 points; Hong Kong’s Hang Seng has plunged 238 points, while China’s Shanghai Composite has shed 12 points.
 
At 8:20 am, SGX Nifty Index is trading with losses of 38 points at 9,492, indicating a gap-down start for the Indian indices