Sluggish Asian peers signal subdued start for the markets

Indian shares are likely to see a somewhat subdued start on Friday, tracking sluggish cues from Asian market. As per early SGX indication, Nifty Fut (Nov) may open around 10,366 with minor loss of 6 points at the opening bell.  

Asian equity indices are exhibiting mixed trend in early deals on Friday.  Hong Kong’s Hang Seng has gained 43 points, Japan’s Nikkei 225 has shed 90 points and China’s Shanghai Composite has lost 10 points. 

Back home, markets ended a volatile trading session on a flat note on Thursday. The broader markets outperformed the benchmark indices as Nifty Midcap index rose 0.29% and Nifty Small cap index climbed 0.85%. Sector-wise, Nifty IT led the show as it surged 1.02%, followed by Nifty Media and Nifty Pharma. At the closing bell, Sensex and Nifty ended the session at 33,588 and 10,349, up by 0.08% and 0.06%, respectively.  

On Thursday, the US markets were closed on account of Thanksgiving holiday.   

Majority of the European indices ended Thursday’s session on a subdued note. The DAX of Germany dipped 0.05%, FTSE 100 of the UK slid 0.02%, while bucking the trend, the CAC 40 of France rose 0.50%.