Nifty, BSE Sensex Likely to Open Flat to Lower Today

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Nifty, BSE Sensex Likely to Open Flat to Lower Today
Credit: © Reuters.

By Aditya Raghunath -- Indian markets might open flat to higher mirroring global cues. There is still no clarity on Brexit talks or the stimulus but global markets appeared to have made peace with the same. Nifty Futures in Singapore are trading down 0.05%. Nifty and the BSE Sensex broke their five-session rally yesterday to end lower as markets booked profits.

According to Reuters, "Investors in Asia were set to push stocks lower on Friday as concerns about U.S. stimulus and climbing COVID-19 cases weighed globally on optimism."

Indian IPO investors have Mrs Bectors Food to look forward to next week, after the supplier of buns to McDonald’s (NYSE: MCD ) and Burger King (NS: BURG ) announced its intention to open subscription on December 15.

Crude oil has gained 0.43% since markets closed on December 10, and is now trading at $46.98. COVID-19 vaccine rollouts are pushing up prices in the hope that demand for crude would build up next year. Gold prices are at $1,841, up 0.22% since last evening.

Asian markets are mixed with  Nikkei 225 trading lower 0.54% and  KOSPI 50 up 0.9%. US futures are down with  S&P 500 Futures trading down 0.1% and  Nasdaq 100 Futures trading down 0.27%. Dow futures were down 1 point.

FTSE shrugged off the fact that UK Prime Minister Boris Johnson’s talks didn’t yield any results to close up 0.54%,  CAC 40 gained 0.51% and  DAX was down 0.33%.

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