Markets may see flat opening

The Indian equities opened on a negative note on the back of weak global cues, however, later indices got some support near the intraday low levels as they trim most of their losses from thereon and ended the session with minor losses. The Nifty closed above the important psychological mark of 10,000 and Sensex closed at 32,310 down by 73 points. Pharmaceuticals sector closed 2.1 per cent lower as Dr Reddy and Lupin witness sell-off.

The European indices ended Friday’s session in negative territory. Sentiments took a hit after disappointed result announced by companies like Renault and BT group. The DAX of Germany shed 0.40 per cent and the CAC 40 of France tumble 1.07 per cent. The FTSE 100 of the U.K. edged down one per cent.

U.S stocks after initially coming under pressure, stocks climbed well-off their early lows to end the last trading session of the week on a mixed note. The S&P 500 and Nasdaq closed with minor losses, while the Dow advanced 34 points to a new record closing high of 21,830. The Nasdaq Composite Index edged down 8 points to 6,375. The S&P 500 closed down by 3 points to 2,472. Amazon stock moved to the downside after the company reported earnings that came below expectation.

Asian share are trading on a mixed note at the start of the trading week; Hong Kong Hang Seng has surged 174 points to 27,153. China’s Shanghai Composite is has gained 3 points to 3,256. Japan’s Nikkei 225 has lost 14 points to 19,946.

Key benchmark indices are likely to open flat, tracking mixed cues from Asian Peers. The SGX Nifty is trading at 10,038 up by 3 points, signifying a muted start for local bourses. Key results to watch out in today’s session BEL, Hexaware, ICL, Indigo, Tech Mahindra, Godrecp, Siemens, Shriram Transport, Torrent Pharma, UPL and Vguard.