Markets may open positive, surrounded by positive vibes of global peers

The Indian shares ended with modest losses on Wednesday’s due to cautious sentiments as geopolitical tensions continued to boil. Buying interests was seen in the broader market as both the Mid-cap and Small-Cap index outperformed the benchmark indices. The BSE Sensex ended lower by 0.46% to finish at 31,662 and the Nifty settled at 9,916 down by 0.36%.

The European markets finished Wednesday’s session with mixed results as investors look forward to a policy decision from the European Central Bank. The DAX of Germany rose 0.75% followed by the CAC 40 of France which closed higher by 0.29%, while the FTSE 100 of the UK slipped 0.25%.

The US’ stocks ended the Wednesday’s session in the positive territory after President Donald Trump reached a deal to extend the deadline on the debt ceiling by three months. The Dow Jones Industrial Average climbed 54 points to finish at 21,808. The Nasdaq Composite Index rose 18 points to settle at 6,393. The S&P 500 ended higher by 8 points to 2,466.

On Thursday, the Asian stock-indexes climbed in early trade, following a positive close on Wall Street. Hong Kong’s Hang Seng has gained 109 points and Japan’s Nikkei 225 has advanced 72 points. China’s Shanghai Composite traded flat.

It is expected, that key Indian indices may open in the positive territory following positive global cues. The SGX Nifty, which was trading at 9,964 up by 19 points, indicate a positive start for the day.