Thursday, 31 May 2018

Markets indicating a positive opening ahead of May series expiry

Bull Market
SGX Nifty is currently trading in the green up 27 points at 10,642.

Markets are expected to trade with a positive bias in line with Asian peers, as concerns regarding the political turmoil in Italy began to recede.

We have come to the end of the result season with all the large-cap companies having already reported their Q4 numbers. Markets could be volatile in the latter half of the session, as we come to the end of the May series.  

Global markets
Major Asian markets are trading with a positive bias, Nikkei is up 0.55%, Hang Seng is up 0.5% while the Shanghai Composite is trading 0.97% higher.

US Markets:
Stocks witnessed a rally in yesterday’s trade trimming the losses of the previous session.

Bargain hunting and receding geopolitical concerns were the main triggers for the surge. The Dow Jones Industrial Index and S&P 500 gained 1.3%, while the Nasdaq Composite ended 0.9% higher.

European market
closed mixed yesterday with FTSE up 0.74%, CAC was down 0.2% while DAX ended 0.92% higher.

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