Indian Indices: Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 53.5 points or 0.5 percent. Nifty futures were trading around 10,751-level on the Singaporean Exchange.
Global Market:
· Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.43% while the Hang Seng is up 0.34%. The Shanghai Composite is not trading.
· US Markets: US market is at extreme risk of a ‘flash crash’.
· European markets: European markets finished lower on Friday with shares in London leading the region. The FTSE 100 is down 0.34% while France's CAC 40 is off 0.17% and Germany's DAX is lower by 0.11%.
· Major Headlines of the day:
· RBI board meeting on Monday, will discuss MSME credit, reserves and other issues
· Resignation by RBI Governor would send bad signal to global markets: Veerappa Moily
· Rupee trades lower at 72.05 per dollar
· Trend in FII flows:- The FIIs were Net Value of Rs 844.82 segment while the DIIs were Net Value of -372.24 the provisional figures.
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