Business Today

Stock markets likely to open flat with positive bias

On Wednesday, the key benchmark index BSE Sensex jumped 146.15 points, or 0.55 per cent, to 26,832.66. The NSE Nifty index also gained 44.25 points, or 0.55 per cent, to 8,091.55.

BT Online Bureau   New Delhi     Last Updated: June 18, 2015  | 09:05 IST
Stock markets likely to open flat with positive bias

Domestic equity markets are likely to open flat with positive bias tracking SGX Nifty on the Singapore Stock Exchange.

At 8.50 am (IST), SGX Nifty was trading 0.06 per cent higher than its previous close.

A research report by Maximus Securities said, "Trading of Nifty futures on the Singapore Stock Exchange indicates that the NSE Nifty could gain 4.5 points at the opening bell."

According to Choice Broking, the domestic equity market is likely to open flat with positive bias.

US markets witnessed considerable volatility in reaction to the Federal Reserve's monetary policy announcement before ending the session modestly higher. The Fed left interest rates unchanged, as was widely expected, and reiterated that the outlook for rates will be data dependent.

European markets finished in the red, as the impasse between Greece and its creditors remains unresolved. Eurozone finance ministers are set to meet in Luxembourg on Thursday.

Among Asian markets, Nikkei 225 index and Hang Seng were down by 0.60 per cent at 20,099 and 0.07 per cent at 26,735, respectively.

On Wednesday, the key benchmark index BSE Sensex jumped 146.15 points, or 0.55 per cent, to 26,832.66. The NSE Nifty index also gained 44.25 points, or 0.55 per cent, to 8,091.55.

Markets Today
According to Angel Broking, the trend deciding level for the day is 26,848 / 8,092 levels. If the CNX Nifty index on the National Stock Exchange trades above this level during the first half-an-hour of trade then the market may witness a further rally up to 26,968 - 27,103 / 8,136 - 8,180 levels. However, if the index trades below 26,848 / 8,092 levels for the first half-an-hour of trade then it may correct towards 26,713 - 26,594 / 8,048 - 8,005 levels.
 

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