Mixed cues from Asian peers signal flat opening for markets

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Equity tips:-
                    


  • Indian markets are likely to open flat on Monday, following mixed cues prevailing across Asian peers. The SGX Nifty, which was trading at 9,922, up by 10 points, also signalled flat opening for domestic indices. 
  • Nifty50 managed to close above its important psychological level of 9,900. Now, going forward, the zone of 9,930-9,950 may act as an immediate resistance, and the next resistance may come around the 10,000-mark, while on the downside, supports are seen at the levels of 9,860 and 9,800.
  • Key results for the day: Ambuja Cement, Delta Corp, HDFC Bank, Indiabulls Real Estate, IRB, Indiabulls Housing Finance, HUDCO, Just Dial, NELCO, Naukri, M&M Fin, Tata Communication and ZEEL.Back home, Indian equity markets ended the last trading session of the week on a positive note with the Sensex closing tad above the psychologically important mark of 32,000 and the Nifty ending the session above 9,900-mark. Buying was seen in Reliance Industries after the board recommended 1:1 bonus issue and Wipro surged over 6% after the company announced buyback of equity shares worth Rs 11,000 crore.
  • The US stocks ended Friday’s session slightly lower, but well off their bottom levels. The Dow Jones Industrial dipped 32 points to finish at 21,580. The Nasdaq Index shed 2 points to close at 6,388. The S&P 500 closed almost unchanged at 2,473. General Electric (GE) was the biggest percentage loser on the Dow, after the company warned of full-year profits at the lower end of its forecasts
  • Asian Markets are trading in early trade on Monday. Hong Kong Hang Seng has gained 164 points followed by China’s Shanghai Composite which has advanced 3 points. While Japan’s Nikkei 225 has plunge 182 points to 19,918.
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