Markets may open flat

Indian markets snapped its three day winning streak on Friday and ended the session lower. The Nifty settled below its crucial 9,850 levels and Sensex settled below 31,600 levels. Weak global cues and Infosys were the real culprit of fall on Friday as Infosys almost ended lower by 10 per cent after the company’s chief executive (CEO) and managing director (MD) Vishal Sikka resigned.   

European markets tumbled on Friday as investor sentiment was negatively impacted by terror attack in Barcelona. The DAX of Germany slipped 0.31 per cent and the CAC 40 of France fell 0.64 per cent. The FTSE 100 of the U.K. declined 0.86 per cent.

U.S. stock benchmarks closed lower on Friday. The Dow Jones Industrial Average edged down 76 points to finish at 21,675. The Nasdaq Composite Index closed down 5 points at 6,217. The S&P 500 shed 4 points to close at 2,426. 

Asian stock markets were mixed in early trade on Monday. Hong Kong Hang Seng has advanced 143 points and China’s Shanghai Composite has gained 9 points. While, Japan’s Nikkei 225 has declined 88 points.   

Indian Stock markets may open flat with a positive bias, tracking, mixed trend across Asian markets and muted cues in the SGX Nifty which were trading at 9,860 up by 10 points is suggesting a flat start for the day.