Muted opening likely for the markets

Equity tips:-


  • Indian markets are likely to start on a flat note on Monday tracking mixed cues from Asian peers. The SGX Nifty, which was trading at 10,036, remained almost unchanged, indicating a muted opening for the local benchmark indices. 
  • Now, going ahead, the level of 10,100-10,120 will act as a key resistance zone for the Nifty50. The level of 9,920-9,940 is a good support zone for the Nifty50.
  • Key results for the day: BEL, Hexaware, ICL, Indigo, Tech Mahindra, Godrej Consumer Products, Siemens, Shriram Transport, Torrent Pharma, UPL and V-Guard.
  • Back home, Indian shares opened the last trading session of the week with a gap-down but recouped the early losses in the afternoon session to close flat. The Nifty and Sensex closed at 10,014 and 32,310, respectively, with Nifty shedding 6 points and Sensex 73 points. Broader markets outperformed benchmark indices as they showed marginal gains.
  • In the US, the S&P 500 and Nasdaq both finished with marginal losses on Friday, while the Dow Jones Industrial Average rose 34 points to close at record 21,830. The S&P 500 index closed lower by 3 points at 2,472 and the Nasdaq Composite Index shed 8 points to close at 6,375. 
  • Asian stocks are trading mixed in early trade on Monday. Japan’s Nikkei 225 has shed 14 points. Hong Kong's Hang Seng has risen 148 points and China’s Shanghai Composite has advanced 5 points.

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