Friday, 11 November 2016

Indian indices may open flat; Tata Steel, SBI Q2 results today

Indian benchmark indices are likely to open flat tracking mixed cues from Asian, US and European markets. At the time of writing, SGX Nifty was down 128 points to 8416.00. 

Asia markets soared on Thursday with the Nikkei jumping close to 7 percent, as traders reassessed the economic impact of Donald Trump's victory in the US presidential election.

The Nikkei 225 ended up 6.72 percent, or 1,092.88 points, at 17,344.42, as the yen weakened against the dollar, trading at 105.42 as of 2:50 pm HK/SIN. The dollar/yen had plunged to 101 levels on Wednesday.

European bourses closed under pressure on Thursday afternoon after rebounding in morning trade following Donald Trump's victory in the US election.

The pan-European Stoxx 600 was nearly 1 percent higher at the open, but lost momentum to end 0.14 percent down at the close. Sectors were mixed on a choppy trading day with utilities over 4 percent in the negative territory

The French CAC 40 and German DAX were 0.19 and 0.1 percent in the red respectively however the UK's FTSE 100  edged even lower, over 1 percent down.

State Bank of India, M&M and Tata Steel will be announcing their quarterly results today.

1 comment:

Geet Khare said...

On Thursday (November 10, 2016), 30-share benchmark index closed trading at 27517.68, rose by 265.15 points or by 0.97%, and the NSE Nifty ended at 8525.75, gained by 93.75 points or by 1.11%.capitalstars