Soft opening likely for Indian markets; SGX Nifty up 6 points
Indian Indices:
Indian markets are likely to open on a soft note as traders stick to a cautious approach ahead of the March quarter earnings. SGX Nifty is trading 6.00 points higher.
Indian equity markets are set to open on a flat to positive note on Wednesday tracking positive sentiments prevailing among the Asian peers. The SGX Nifty, which was trading at 9,280, up by 6 points or 0.06%, also signalled a flat to positive opening.
Nifty50 continued its upmove and formed a green body for the fifth consecutive session. Now, going forward, as long as Nifty50 manages to hold levels of 9,180-9,190, it can extend the upward move up to levels of 9,280-9,300.
Global Market:
US stocks were little changed on Tuesday, as investors stayed on the sidelines ahead of the first-quarter earnings season and fretted about President Donald Trump's ability to deliver on tax reform and other promises
While Trump's pro-business policy promises have helped U.S. equities hit record highs since the Nov. 8 election, recent setbacks in pushing reforms through Congress have led investors to question his ability to deliver.
Asian markets are trading in positive territory on Wednesday. Japan’s Nikkei 225 rose 45 points. Hong Kong’s Hang Seng rose 32 points and China’s Shanghai Composite surged 22 points.
Major Headlines of the day:
Dr Reddy's gets two USFDA observations for Srikakulam plant.
Adi Godrej spells out why there will be fewer family businesses in the long-term.
Network18, CII to host Global Natural Resources Conclave on April 5, 6.
Trend in FII flows: The FIIs were net buyers of Rs 534.45 the cash segment on Monday while the DIIs were net sellers of Rs 33.29 as per the provisional figures.
Securities in Ban For Trade Date 05-APR-2017:
1.INFIBEAM
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