SGX Nifty indicates lower opening for Indian markets

sgx trading at 11656, down 26 points. For today, we expect another quiet start with action slated to pick up in the second half as earnings from bell weather IT companies kicks in.

On Thursday, Nifty saw a weak, however, the last hour buying by foreign investors saw the index close in the green. Sentiments turned weak after some mutual funds deferred interest payments on monthly income plans, which saw equities lose ground. FMCG, auto, and select midcaps led the winners, while metals, banks, and realty were the losers.

Global Market: Asian markets opened in the green with the Japanese Nikkei trading higher by 50 points. Yesterday we saw a serious profit booking in most Asian indices. The positive outcome of the trade & tariff talks could see further upside to the Chinese market. Expect a positive day today as China macro data due on exports could see upside in most export related stocks
 

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