Markets may open flat to negative

Domestic markets may open on a flat to negative note and may remain subdued due to lack of domestic triggers for driving benchmark indices. However, the release of any macroeconomic data during the session hours may see markets going into slight profit-booking mode. There is not much enthusiasm in the Asian markets too. Moreover, the SGX Nifty is trailing lower at 10,433, i.e. down 0.51 per cent at 8.21 hours. 

Asian markets edged slightly higher on Monday, but are soon are seen retreating amid earnings reports and progress in Donald Trump's visit to 5 countries in Asia. Nikkei edged higher after a long weekend, driven by oil and auto stocks. Hang Seng has fallen 1.4 per cent and Shanghai Composite too is down by 0.4 per cent. 

We have nearly 73 corporate earnings announcement that will affect the specific sectoral indices. The sectoral movements may also witness derived impact on benchmark indices in today's sessions. 

Considering the domestic markets, markets had opened on Friday with a gap-up on the back of positive closure in the US and European markets on Thursday and positive opening in the Asian markets. However, subdued domestic macroeconomic numbers triggered immediate profit-booking in the first hour of the session. However, markets recovered and breached their prior all-time highs at the close.  

On Friday, the US markets were a mixed bag with few indices hitting fresh highs and with Apple gaining on the bourses and the strong US jobs data strengthening economic outlook. The US added 261,000 jobs in October, with unemployment rate falling to 4.1%. However, the expected number was 310,000 jobs. Nasdaq was 1 per cent down, Dow was marginally up by 0.1 per cent and S&P 500 was up o.3 per cent. 

European markets closed in the green, but with lesser momentum on Friday. Dax was driven by rise in semiconductor and pharma majors, CAC 40 too remained positive led by semiconductors and luxury makers. FTSE was driven by healthcare and beverage companies. FTSE was flat to positive, Dax surged 0.28 per cent while CAC 40 gained 0.14 per cent.