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Stock markets likely to open in red today

A research report by Maximus Securities said, " Trading of Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 27 points at the opening bell."

BT Online Bureau        Last Updated: May 19, 2015  | 09:05 IST
Stock markets likely to open in red today

Domestic equity markets are likely to open in red tracking SGX Nifty on the Singapore stock exchange.

At 8.46 am (IST), SGX Nifty was trading 0.26 per cent lower than its previous close.

A research report by Maximus Securities said, " Trading of Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 27 points at the opening bell."

According to SMC Investment and Advisors, the market is likely to open flat with a slight negative bias. Most of the Asian stocks rose after the US equity gauges climbed to fresh records and the yen weakened, boosting Japanese shares. US stocks closed higher on Monday, with the Dow Jones industrial average and S&P 500 ending at new records, as investors shook off earlier concerns about Greek debt and a renewed rise in bond yields.

Asian markets were trading higher, Nikkei 225 index and Hang Seng index were up 0.74 per cent and 0.43 per cent to 20,036 and 27,711, respectively.

Companies such as Pidilite Industries, Repco Home Finance, Tata Power and Sakthi Sugars, may announce their earnings on Tuesday.

On Monday, the key benchmark indices the BSE Sensex and NSE Nifty jumped 1.33 per cent and 1.35 per cent to 27,687.30 and 8,373.65, respectively.

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