Our Markets seen opening flat-negative and likely to trade sideways to positive.
At 08:50 a.m., SGX Nifty were trading 2.00 points lowerr at 7,410.00 indicating a flat-to-Negative opening on the domestic market.
Asia’s benchmark stock index traded near a seven-month high after better-than-forecast data on U.S. service industries and as investors await a European Central Bank policy decision.
U.S. stocks rose, with benchmark indexes at record levels, amid better-than-forecast data on service industries before a European Central Bank decision on stimulus and a monthly employment report.
The Standard & Poor’s 500 Index (SPX) gained 0.2 percent to 1,927.88 in New York, reaching an all-time high. The Dow Jones Industrial Average gained 15.19 points, or less than 0.1 percent, to 16,737.53 after climbing to a record on June 2. The Nasdaq Composite Index added 0.4 percen
Selective buying can be expected in the second half.