Nifty to Open Up After US Markets Close Down

  • Stock Market News
Nifty to Open Up After US Markets Close Down
Credit: © Reuters.

By Aditya Raghunath -- Early cues indicate that Indian markets will open up today. Nifty 50 Futures in Singapore are trading up 0.28% which indicates a gap up opening for Nifty 50 and the BSE Sensex 30 .

In some good news for investors, Securities and Exchange Board of India (SEBI) announced T+1 settlement cycle for stocks on September 7. "Based on discussions with Market Infrastructure Institutions (Stock Exchanges, Clearing Corporations and Depositories), it has been decided to provide flexibility to Stock Exchanges to offer either T+1 or T+2 settlement cycle," SEBI said.

Foreign institutional investors (FIIs) were net sellers for the second straight day in September after buying for the first three trading sessions. FIIs sold Rs 145.45 crore worth shares on September 7.

Asian markets are trading mixed today with Nikkei 225 up 0.82%, KOSPI 50 down 0.47% while the Shanghai Composite is flat.

The Dow Jones Industrial Average and S&P 500 closed lower on Tuesday as fears over the slowdown in economic recovery kept increasing. Though it is likely that the US Federal Reserve will not start tapering or increase interest rates, the slowdown fears were overwhelming. As of this report, Dow Jones 30 Futures were up 0.1% while S&P 500 Futures and Nasdaq 100 Futures were up less than 0.1%.

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    yes off course
    Like 0
  • Tarang Shah @Tarang Shah
    yes.. cz Nifty doesn't care about world markets since last 6 months!
    Like 3

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