Ways2Capital Reviews : Markets Indicating A Flat Opening Inline With Asian Peers

SGX Nifty is currently trading flat up 3 points at 10,512.

Markets are expected to trade with a positive bias continuing the positive momentum built up in yesterday’s session with the action being more stock specific with the Q4 result session underway.

BOB, BEML, Cadila Healthcare, NBCC, Page Industries, PC Jeweller, PFC, Sun Pharma and Tech Mahindra are some of the large-cap companies set to announce their Q4 results today.

Global markets
Major Asian markets are trading mixed, Nikkei is up 0.14%, Hang Seng is down 0.44%, while the Shanghai Composite is trading flat down 0.06%.

US Markets: Stocks once again staged a recovery in the second half of the session managing to end the session on a flat note, after initially witnessing selling pressure.

The Dow ended 0.3% lower at 24,811.76, the S&P 500 slipped 0.2% to 2,727.76, while the Nasdaq ended less than one-tenth of a percent lower at 7,424.

The pullback seen early in the day came following news that President Donald Trump had called off the historic summit with North Korean leader Kim Jong Un.

European markets closed in the red yesterday with FTSE ending 0.94% lower, the CAC was down 0.31%, while DAX ended 0.94% lower.

FII Data:
In yesterday’s session, FII’s sold 701 crores stock in the cash market whereas DII’s bought 1,480 crores worth of stock.

In the derivative market, FII’s sold 371 crores of Index futures and bought 616 crores worth of Index options.

In the stock futures segment, FII’s bought 389 crores worth of stock futures and bought 55 crores stock options.

FII View:
FII continued their selling spree in yesterday’s session with the fresh addition of short positions, which is deduced by the fact that FII’s created 3,117 short contracts in Index Futures, while they simultaneously reduced 512 long contracts in Index Futures. The long-short ratio in Index Futures currently stands at 0.8, which was at 1.5x at the start of the series.
 
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