Markets may open tad lower in the wake of mixed global cues

The Indian benchmark indices after opening the session on a flattish note moved higher during the initial part of the trading session and it almost scaled near all time high levels, however, selling pressure in final few hours of trade dragged markets and indices ended on a flat note. The BSE Sensex ended the session up by 28 points at 32,186 and the Nifty closed down 14 points lower at 10,079.

The majority of European markets ended Wednesday’ session with modest gains amid choppy session of trade as traders were cautious ahead of Thursday’s policy announcement from Bank of England. The CAC 40 of France rose 0.17% and the DAX of Germany advanced 0.23%.  While the FTSE 100 of the UK lost 0.28%.

The US’ stock indexes eked out marginal gains to close at all-time highs on Wednesday. The Dow Jones Industrial Average ended higher by 39 points at 22,158. The S&P 500 added 2 points to 2,498 and the Nasdaq Composite index rose 6 points to 6,460.

In early trades on Thursday, Asian markets were trading mixed. The Japan’s Nikkei 225 has gained 8 points and the China’s Shanghai Composite has added 1 point. Hong Kong’s Hang Seng has lost 94 points.   

Domestic market may open modestly lower amid lack of directional cues from Asian Peers. The Nifty futures on the Singapore Exchange were trading lower by 14 points at 10,088.