Indian markets are likely to open flat tracking SGX Nifty

Indian capital markets witnessed a slightly positive trend in Friday’s trading session. Nifty was able to sustain level of 8550. The BSE Sensex increased 92.72 points or 0.33% quoting 27803.24 and Nifty also rose by 31.1 points or 0.37% quoting 8541.20.  All of the sectoral indices traded in green except IT.

Wall Street traded high on Friday. The Dow Jones increased by 0.29% to 18571. The S&P 500 also rose by 0.46 per cent, quoting 2175. U.S. benchmark crude, WTI decreased 1.25% to USD 44.19; while Brent crude, the international standard, reduced by 1.10% to USD 45.69.

European capital markets remained mixed on July 22. Germany's main index, the DAX, traded down by 0.09% to 10147 along with France's CAC 40, which increased by 0.11% to 4381. Meanwhile, Britain's FTSE 100 also rose by 0.43% quoting 6730.

Markets in Asia are following global cues and are trading in weak during the morning session on Monday. The Shanghai Composite index has increased by 0.28%. Japan’s Nikkei 225 index has risen by 0.25%. Australia’s S&P/ASX 200 Index has increased by 0.61%; while New Zealand’s S&P/NZX 50 Index has risen by 0.63%. South
Korea’s KOSPI is trading down by 0.14%. The Hang Seng Index has reduced by 0.20%.

While on domestic front, A SGX Nifty index future for July series is trading up by 3.5 points at 8560.5. The result season of Q1FY17 is ongoing. The July Future and option series is ending in current week. A choppy trade is expected during the day. Indian markets are likely to open flat.