Markets may see positive opening amid mixed global cues

Karan Dsij
/ Categories: Trending, Pre Morning, Markets

Today, the start of the session is likely to be slightly in the green as cues from Asian peers are mixed. Traders will remain cautious ahead of the two-day meeting of the Monetary Policy Committee (MPC) which will begin today and conclude on April 5. There is consensus on the status quo being maintained on repo rates, but the markets will be interested in RBI commentary and its plan of action to address the rising bond yields. The SGX Nifty is pointing that Nifty may open around 10,278.  

Asian share markets are mixed on Wednesday, with Hong Kong’s Hang Seng and China’s Shanghai Composite trading with gains of 0.04 and 0.64%, respectively, while Japan’s Nikkei 225 dipping 0.09%.   

Back home, key stock indices Sensex and Nifty rallied for the second straight session on Tuesday, even as global markets succumbed to sell-off amid trade war tensions between the world’s two largest economies. After making a mildly negative start, local bourses oscillated in a narrow range for the first half of the trading session. However, the bulls took full charge in the latter half and the bourses closed near the day’s high. The broader indices outperformed the benchmark indices for a second day in a row as Nifty Mid-cap and Small-cap rose 0.88% and 1.66%, respectively. Majority of the sectoral indices on the NSE ended in the green, with the lone loser being Nifty IT.  

The US stocks edged higher on Tuesday on the back of bargain hunting by investors and traders, who picked up stocks at the reduced prices after the steep fall seen in the previous session. The Dow Jones Industrial Average soared 389 points to close at 24, 033, the Nasdaq gained 71 points to finish at 6,941 and the S&P 500 surged 33 points to end at 2,614. The stock of Amazon regained strength after witnessing sell-off in the previous sessions on the back of tweet by President Donald Trump.  

After an extended weekend, European markets opened the session on a dismal note as traders had their first opportunity to react to the rising trade tensions between the US and China. Tech stocks took a drubbing due to recent weakness in shares of Amazon and Facebook. The DAX of Germany slipped 0.78%, CAC 40 of France lost 0.29% and the FTST 100 of UK finished lower by 0.37%. 

Rate this article:
Comments are only visible to subscribers.


Mkt Commentary25-Jan, 2022

IPO Analysis25-Jan, 2022

IPO Analysis: Adani Wilmar Ltd

IPO Analysis: Adani Wilmar Ltd

Adani Wilmar is one of the few large FMCG food companies in India to offer most of the...

Mindshare25-Jan, 2022

Mindshare25-Jan, 2022

Mindshare25-Jan, 2022


  • Back to top