Flat opening on the cards

Indian shares opened the session on a positive note and inched upwards with a strong momentum. However, post lunch, the markets pared most of the gains and ended on a flattish note. The BSE Mid-Cap index slipped marginally and Small-Cap index gained 0.62%, outperforming the benchmark. At the end of the day, Nifty ended the session at 9,989 and Sensex closed at 31,847.
 
The European stock markets finished the first day of the new trading week on a mixed note. The French CAC 40 Index gained 0.11% and the German DAX climbed 0.16%. On the other hand, the FTSE 100 of the UK shed 0.20%.
 
US’ stock markets ended the choppy trading session on Monday with nominal losses; the choppy trading on Wall Street came as many traders were away due to the Columbus Day holiday. The Dow Jones Industrial Average ended lower by 13 points to 22,761. The tech-laden Nasdaq edged down 10 points to 6,580 and the S&P 500 dipped 5 points to 2545.
 
Asian markets were subdued during early trade on Tuesday following muted cues from Wall Street. The Nikkei 225 gained 82 points. The Hong Kong’s Hang Seng lost 26 points and the China’s Shanghai Composite edged down by 11 points.
 
Indian shares are likely to witness a muted opening on Tuesday as the global markets look subdued with SGX Nifty trading at 10,023 with single digit gain.