INDIAN EQUITY MARKET OUTLOOK - 08 JAN 2016

INDIAN BENCHMARKS are likely to witness positive opening as the global cues look supportive with SGX Nifty trading 37.50 points higher. The Nifty futures listed on the Singapore Stock Exchange are trading in the positive, suggesting markets may open higher today India’s benchmark BSE index fell more than 2 percent on Thursday, hitting its lowest level in over one-and-a-half years after China accelerated the depreciation of the yuan, triggering a domino effect in global equity and currency markets. The S&P BSE Sensex and CNX Nifty fell 2.18%-2.23% each. On Thursday, January 07, 2015, the 30-share Sensex tumbled 2.18% or 555 points, to settle at 24,852, its biggest single-day fall since September 1, 2015, when the index plunged 2.23% or 587 points. CNX Nifty too, plunged 2.23% or 173 points to settle at 7,568.

Global Indices:

China's major stock indexes opened higher on Friday after Beijing ditched a circuit breaker mechanism that halted trading twice this week when share prices tumbled and had been blamed for exacerbating the market sell-offs.

Trend in FII flows:   The FIIs were net  sellers of  Rs -1051.74 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 190.86 Cr, as per the provisional figures released by the NSE.

Get real time advice for Intraday Trading Tips , Share Market Tips  , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips and all Maket Updates .