Markets indicating a flat opening ahead of RBI’s monetary policy - Highlight Investment Research

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Wednesday 6 June 2018

Markets indicating a flat opening ahead of RBI’s monetary policy

SGX Nifty is currently trading in the red down 16 points at 10,590.

Markets are expected to be choppy till the monetary policy announcement by MPC at 2:30 pm today. Traders would also keep an eye on the commentary given by the MPC member to get further cues regarding inflation and growth prospects.

Global markets
Major Asian markets are trading marginally in the green, Nikkei is up 0.12%, Hang Seng is up 0.36%, while the Shanghai Composite is trading 0.33% lower.

US Markets: Stocks witnessed a lackluster trading session yesterday after posting smart gains in the previous session. However, the Nasdaq continued its positive momentum and ended at a record high for the second consecutive session. The major averages eventually ended the session on a mixed note.

The Dow edged down 0.1% to 24,799.98, the Nasdaq surged 0.4% to 7,637.86 and the S&P 500 inched up 0.1% to 2,748.80.

European market too ended on a mixed note with FTSE down 0.71%, CAC was down 0.22%, while DAX ended 0.13% higher.





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