Market may tumble on weak global cues

Key benchmark indices traded range-bound and closed slightly higher on Thursday. Pharmaceuticals stocks ended the session with decent gains, whereas, Metal and Realty stocks were under the hammer. The broader markets saw a decent buying as Mid-Cap and Small-Cap index finished up by 0.57% and 0.64%, respectively.

The European markets ended Thursday’s session mostly lower.  The FTSE 100 of the UK lost over 1%.  The CAC 40 of France inched up 0.15% and the DAX of Germany shed 0.10%.  

The US’ stock indexes finished Thursday’s trading session mixed, the Dow climbed to a new record closing high, while the Nasdaq and S&P 500 ended lower. The Dow Jones Industrial Average gained 45 points to finish at 22,203. The Nasdaq Composite Index shed 31 points to finish at 6,429. The S&P 500 dropped 3 points to 2,496.
 
Almost all the major Asian markets were trading in red amid geopolitical concerns. The Japan’s Nikkei 225 has gained 23 points. While Hong Kong’s Hang Seng has slipped 249 points and the China’s Shanghai Composite has lost 14 points.

The domestic stocks market indices are likely to open in red as Asian markets trade on a weak note following reports of a missile launch by North Korea over Japan. The Nifty futures on the Singapore Exchange were trading lower by 62 points at 10,062.