Markets may open positive

The Indian shares retraced down sharply on Wednesday from the day’s high on the back of evolving geopolitical tension, resulting in erosion of entire morning gains. The BSE Sensex lost about 90 points to end at 31,834, whereas, the Nifty index settled below 10,000 mark with losses of 32 points. On the sectorial front, Nifty PSU Banks was the major loser. The Nifty Mid-Cap and Small-Cap index were down by 1.06 and 1.39 per cent, respectively.    

The European market witnessed a mixed performance on Wednesday. The German DAX inched up 0.20%, while the FTSE 100 of the UK dipped up 0.1% and the French CAC 40 Index closed just below the neutral line.  

US’ stock market closed at record high on Wednesday minutes after the US Federal Reserve’s policy were released. The Dow Jones Industrial Average rose about 42 points at 22,873. The S&P 500 index climbed 5 points at 2,555. The Nasdaq Composite Index added 16 points to 6,604. The account of Fed’s discussions during its September meeting indicated a desire to increase rates one additional time despite stubbornly low inflation.  
   
Majority of Asian markets were higher today in early trade on Thursday after all three benchmarks on Wall Street ended at records level. The  Nikkei 225 led the region with gains of 0.46% followed by the Hong Kong’s Hang Seng. On the other hand, the  China’s Shanghai Composite has lost 0.06%.    

Indian markets are expected to open positive on the back of optimistic global cues. The event that will be tracked today will be release of IIP and Inflation data. The SGX Nifty were trading 35 points higher at 10,024. Key companies posting their results today include IT bellwether TCS, IndusInd Bank, Reliance Industrial Infrastructure and Bajaj Corp.