Indices may open trade with small gains

Indian equity benchmark managed to settled at new all-time on Tuesday, however, the gains were restrictive as profit booking was seen in the second half of the trading session. The NSE Nifty closed up 0.15 per cent to 9,786, after it crossed 9,800 mark for the first time on a intraday basis. The benchmark BSE Sensex ended up 31 points at 31,747.

The European Indices ended Tuesday’s session with marginal losses. The FTSE 100 of the UK declined 0.55 per cent followed by the CAC 40 of France ended lower by 0.48 per cent and the DAX of Germany slipped 0.07 per cent.

Tuesday session turned out to be a volatile for the US stocks as stocks showed a lack of direction during the course of the trading session. The Dow Jones Industrial Average gained less than a point to finish at 21,409, however, at one point Dow fell more than 120 point it manage to recover from lower levels. The Nasdaq Composite Index advanced 17 points to close at 6,193. The S&P 500 shed 2 points to finish at 2,426. Knee-jerk reaction was witnessed in US markets as a chain of mails released by Donald Trump Junior, which said that the Russian government backed his father’s presidential campaign.

Asian Peers were trading mixed on Wednesday. Hong Kong Hang Seng was leading the way as it was trading with gains of 180 points at 26,058 followed by China’s Shanghai Composite which was trading at 3,205 up by 2 points. Japan’s Nikkei 225 seen bucking the trend as it was trading lower by 71 points.

Indian benchmark indices may witness a flat to positive opening tracking slightly bullish global cues and the SGX Nifty, which was trading at 9,805 up by 11 points indicated a flat opening.