Market Likely To Open On Subdued Note
The Indian equity markets may open flat to rather lower on Monday
as cues from Asian markets are combined.
The
SGX Nifty, which was trading at 9,980, indicating that the Nifty may
open with marginal loss of 5 points at opening bell.
Nifty50
has sturdy make stronger positioned within the area of 9,900-9,920,
then again, breaching this support
level could open up for further correction up to levels
of 9,850. On the flip side, the level
of 10,000-10,040 may act as stiff resistance zone now.
Indian
markets witnessed a brutal fall on Friday with the BSE Sensex
plummets just about 450 factors to close at 31,922 and the Nifty 50
index crashed through 158 points
to complete at 9,964. The day commenced with North Korea threatened
to check a nuclear weapon, followed up with S&P global ratings
downgraded China’s credit standing and the rating
agency diminished its sovereign rating
on Hong Kong.
Friday became out to be a combined day for
the US
stocks
with Nasdaq and the S&P 500 index logging minor gains.The
Dow Jones Industrial average
ended the session decrease by
10 points
to 22,350. The Nasdaq Composite Index gained
4 points
at 6,427 and the S&P 500 inched up 2 points
at 2,502.
Asian indexes have been mixed in early Monday
trade. The Japan’s Nikkei 225 has climbed 90 points. The Hong
Kong's Hang
Seng has lost
235 points
and the China’s Shanghai Composite has shed 3 points.
The Adviser Street is a leading Indian Financial Management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions and high-net-worth individuals.
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